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Chaos and uncertainty in Detroit helped Ilitch family finance new arena

Sep 12, 2017

It’s taken 25 years for the Ilitch family’s dreams of a shiny new home for the Detroit Red Wings to come true.

Little Caesars Arena officially opens tonight with a Kid Rock concert.

The $823 million stadium will be the new home for both the Red Wings and the Detroit Pistons. The public’s share of the tab so far has been $324.1 million

Bill Shea of Crain’s Detroit Business joined Stateside today to explain how the Ilitch family was able to finance the new arena in a bankrupt city.

Listen above to hear why some saw the project as a “beacon of light in the darkness" when it was unveiled.

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