Bankrupt detroit gives billionaire new sports arena
- Thread starter evince
- Start date
- Status
Voted4Reagan
Verified User
The City and State already get money for Bridge and road repairs from the FEDERAL GOVERNMENT in the form of Federal Highway Funds.
The Joe Louis Arena is 30+years old and eventually needs to be replaced... but NOT NOW in the middle of Bankruptcy.
Infrastructure repairs will benefit the costly Unions that do Road Work and Bridge/Tunnel work.
A new Joe Louis arena will provide Years of Construction Jobs and HUNDREDS of jobs for poverty stricken people afterwards. Kids/Retirees/Single mothers will get jobs in everything from concessions to Parking to maintenance year round. The Building will support the Red Wings for 41 games but it will support Concerts and other events year round. The Auto Show and all other major conventions can be moved there... providing even more work.
Desh isn't looking at it from anything but a reactionary point of view. She is for handing 300 million to big Union Construction Companies and not to the poor people who will benefit in the long run. If you can move the Pistons from the Palace at Auburn Hills back into the city itself to a shared venue with the Redwings the Arena will work year round..
Once Detroit clears Bankruptcy the New Area will benefit the whole City and will be a Focal point. Just like the Golden Triangle was for Pittsburgh. The New Stadiums in Pittsburgh were a boom... they can also be for Detroit.
The Joe Louis Arena is 30+years old and eventually needs to be replaced... but NOT NOW in the middle of Bankruptcy.
Infrastructure repairs will benefit the costly Unions that do Road Work and Bridge/Tunnel work.
A new Joe Louis arena will provide Years of Construction Jobs and HUNDREDS of jobs for poverty stricken people afterwards. Kids/Retirees/Single mothers will get jobs in everything from concessions to Parking to maintenance year round. The Building will support the Red Wings for 41 games but it will support Concerts and other events year round. The Auto Show and all other major conventions can be moved there... providing even more work.
Desh isn't looking at it from anything but a reactionary point of view. She is for handing 300 million to big Union Construction Companies and not to the poor people who will benefit in the long run. If you can move the Pistons from the Palace at Auburn Hills back into the city itself to a shared venue with the Redwings the Arena will work year round..
Once Detroit clears Bankruptcy the New Area will benefit the whole City and will be a Focal point. Just like the Golden Triangle was for Pittsburgh. The New Stadiums in Pittsburgh were a boom... they can also be for Detroit.
Voted4Reagan
Verified User
How much REVENUE will be generated to provide needed tax money to this city? How many people will earn a paycheck and be able to support themselves?
And the Arean will be financed by the Owner of the Redwings on a 30 year Note:
The Michigan Strategic Fund Board approved the Detroit Downtown Development Authority's request to use economic development taxes for the project. The board also took a preliminary step toward issuing $450 million in bonds to build the arena, to be paid off in no more than 30 years by the Red Wings' owner and the city.
Read more: http://www.foxnews.com/politics/201...ena-in-detroit-spark-criticism/#ixzz2adUg81JC
So Desh...The TEAM IS PAYING OFF THE COSTS... the money is a LOAN. The City is in the deal to reap the benefits it will bring to them, as well as the State.
The Redwings will pay off the money they borrow for their share. The City and state are just investing in one of the only profitable businesses left in Detroit.
Im all for this after the city gets through Title 9... but only then. Not before.
Learn your economics Desh... nobody is GIVING THEM anything.
Voted4Reagan
Verified User
Another uninformed statement.. those people who work the Arenas ARE UNIONIZED in the FOOD WORKERS UNION.
They get paid a pretty good buck.
Voted4Reagan
Verified User
It seems DESH has left the building.
tekkychick
New member
I hope it works. I hope the owner doesn't move the team and skip out on the loan before the loan is paid off. As I said, I'm pretty skeptical about these kinds of big deals. Look at Stockton - built all sorts of stuff that didn't work out.
Hope the contract is ironclad. Hope the jobs actually materialize.
Voted4Reagan
Verified User
Big Difference with the Wings Tekky...
The Wings have been in Detroit for 87 years. One of the 6 original NHL Teams.
They wont move if the fans have anything to say about it.
The Jobs will be there. And the Tax Revenues.
If the Wings left the City could never recover. Same goes for the Tigers, Lions and Pistons...
Sports is the only thing keeping Detroit going at the moment.
cawacko
Well-known member
I just got back from having lunch with a guy who's a real estate developer from Michigan and his family has long roots in the state and in Detroit. I was asking his opinion of everything that has happened in the City. He said Detroit first started to go downhill with the riots of 1967. White flight was starting around this time as well. He thought the biggest downfall was the election of Coleman Young as Mayor. Basically he told white people to take a hike we don't need you and a lot of them did. He also said a lot of well to do black families left the city as well. He said his family was good friends with Dennis Archer, the Mayor following Young, who after eight years just said this City can't be fixed.
I asked him about GM and he said that was a whole southern Michigan problem, not just Detroit. He did bring up something I've heard before which was to move citizens of the City into a particular area and turn the remaining space into an urban farm. Not sure if that could ever come to fruition or not.
He thought the stadium was a good idea and that it would draw a lot of activity to the downtown area. He said as Voted4Reagan said that the City would be devastated if the Red Wings left.
Last edited:
Voted4Reagan
Verified User
Funny thing, people are complaining about the building of a new Stadium to house the Redwings, but the media isnt even putting it out there that there is a plan to spend twice that amount ($500 Million) to begin construction of a Light Rail system running down Woodward Ave and going all the way downtown. At rush hour Woodward ave is deserted all the way downtown into the city! There are no cars! Which is a bigger waste? The Downtown area already has the people mover Light Rail and NOBODY USES IT!!
Scrap the Light Rail and Keep the Redwings in Detroit... That to me is a better investment in the Future.
Bringing the Pistons back to Downtown would also Help the City. The NY Islanders and the Brooklyn NetS will play together at the Barclay Center in Brooklyn.. Downtown Brooklyn is EXPLODING with development now.
Detroit... Take notice of this... it is where you need to begin!
Voted4Reagan
Verified User
Not really.... Both areas were heavily Blighted in the 1970's and 1980's. Brooklyn's first solution was to build the MetroTech development to replace lost industrial Jobs with Emerging High Tech ones and affiliate it with Brooklyn Polytech College and Brooklyn Tech HS.In the 1990's this lead to the start of the redevelopment of Atlantic Yards and 10 years later the start of the Barclay Center.
blackascoal
The Force is With Me
This is indicative of what Detroit has faced since whites left the city. I grew up there .. this is the culmination of a plan long in the making.
All of Detroit's assets are on sale today at thieves rates.
All that was Detroit is gone .. and a long and glorious history is dead.
Yeah, well, like, the Barclays Center came after the revival of Brooklyn, it didn't preceed it or bring it about. So the suggestion that building an arena is where Detroit needs to begin based on the Brooklyn experience is a bit silly to me.
blackascoal
The Force is With Me
I agree with you.
Voted4Reagan
Verified User
But it was a culmination of years of work... Detroit is in a better position because they have greater space and an immediate need to act. The effect should be faster.
An arena with commercial and retail space, High end residential properties and Open green spaces will be easier in Detroit then in Brooklyn. Population density is far less in Detroit and open space abounds. There are empty High Rises all around.
Look at Pittsburghs Golden Triangle.... It all started there... It can happen the same way in Detroit. You just have to believe it can.
Government hast to work with business to provide incentives to spur the development. As of now Taxes and Utilities are too high and Crime is rampant.
Cut the Taxes, Provide utilities relief and Cut municipal jobs from the City of Detroit and DPS and use the money to pay for new Police Officers.
Flood the area with Police and take back the streets like we did in New York.
Then you'll see business return... and it can be done quickly.
- Status