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Resource ID: #26632
Subject: Sports
Source: Metro Times (Detroit)
Date: 2014-05-07



This story focused on the implications of a massive $650 million proposed Detroit Red Wings hockey arena in downtown Detroit, and the lengths the NHL team's owner had to go behind the scenes to make it happen. Since it was announced, other outlets have reported on the project in a mostly positive light. There was more to it, however. Instead of relying on reports from the elected officials who supported this project, this project unraveled the intimate details of how the deal was crafted and arrived at a far more uncertain conclusion: While this deal may, on the surface, seem like a win for Detroit, that's far from clear. Moreover, with little public involvement, the basic structure of the deal was created by a small group of individuals in private. And although Detroit will certainly benefit from the new project as it relates to the positive public perception of having a new, state of the art stadium in the city, the financial aspects of the deal reveals a far more questionable result.

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