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Wed April 9, 2014
"The Joe's" days as the home of the Detroit Red Wings are numbered
For the past 35 years, "Hockeytown" in Detroit has meant the on Detroit's Riverfront. But " The Joe's" days as the home of the Detroit Red Wings are numbered.
The Wings are headed north to the Cass Corridor area between downtown at Midtown.
A new $450-million, 18,000 seat arena is on the way for Wings owner Mike Ilitch, perhaps as early as the 2016-2017 season.
And what's drawing fire from critics like my next guest is the fact that the stadium deal has the public covering nearly 60% of the sticker price the Ilitches will get all the revenues from the new stadium, and the whole deal was unveiled publicly the week after Detroit declared bankruptcy.
Bill Bradley is a columnist at Next City, where he covers economic development in cities. He dug into the new Wings arena in a piece for nextcity.org. It's title? "Red Wings Stadium Upset! Why Taxpayers are Losing--Again--in Detroit."