Originally written on Kukla's Korner  |  Last updated 10/25/14
When getting down to brass tacks regarding the details surrounding and sources of funding for the Red Wings' follow-on rink and real estate development in sum--there's a 56%-private-funds-44%-public-ones split--the most controversial part of the dollar picture came at the beginning, when the State of Michigan legislature approved the diversion of $12.8 million in taxes collected by the Downtown Development Authority to fund the project. Now the whole, "This money is coming from schools and children!" line was BS from the start, and Crain's Detroit Business's Bill Shea (who's been following the scuttlebutt surrounding Joe Louis Arena's follow-on facility for over half a decade now) confirms that fact, but he also reveals that the biggest public contributors to the rink will in fact be downtown businesses like General Motors, DTE Energy, downtown casinos, Quicken Loans and, well, Compuware: Continue reading "Crain’s Detroit Business’s Shea re...
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