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 Olympia Development of Michigan announced in a report on the
National Hockey League's website (NHL.com) plans to transform dozens
of underutilized blocks between downtown and midtown Detroit into a
sports and entertainment district.
The plans call for a new arena to replace the aging Joe Louis Arena
that has been the Wings' home since 1979.
"It's always been my dream to see a vibrant and energized downtown
Detroit," Red Wings owner Mike Ilitch said in a statement on
NHL.com.
"I want people to look at Detroit's new sports and entertainment
district and see what I see: the potential for something very
special.
"I couldn't be more excited and proud to bring this vision to life."
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The entire project has been estimated at costing $650 million.
Groundbreaking for the new arena is scheduled for later this year
along with development of new, mixed-use neighborhoods in the
district.
(Reporting by Steve Keating in Toronto; Editing by Larry Fine)
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