Red Wings owner Mike Ilitch proposes new Detroit development

Gregory Shamus

Detroit Red Wings owner Mike Ilitch proposed on Tuesday the construction of a new multi-purpose arena for downtown Detroit.

Officials from the Olympia Development Company presented an outline to Michigan lawmakers on Tuesday afternoon for a multi-purpose events center to be placed in downton Detroit. Olympia Development is a company owned by Detroit Red Wings owner Mike Ilitch.

The presentation was headed by Eric Larson, Olympia's non-executive president. According to the company's valuations, the total cost of the project would be $650 million and would create 5,500 jobs for the construction of the center. In addition, the public-private project is expected to annually create 1,000 jobs and generate $210 million.

Larson did not state that the project would become the new home of the Red Wings, but did mention that it would infuse sports and entertainment. In a press release, Ilitch expressed his dream of revitalizing a vibrant downtown Detroit.

While the presentation did not mention the Red Wings, the organization did retain the services of two architects this past May to help design a new arena for the team.

The Red Wings have spent the last 33 seasons playing in the Joe Louis Arena.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.