The Craig Fahle Show

Crain's Detroit Business: Detroit Businesses to Pay for New Arena

Monday, June 24, 2013

Photo: crainsdetroit.com Bill Shea of Crain's Detroit Business explains who will bear the public cost of Detroit's new Red Wings arena. According to Shea's article, the Downtown Development Authority intends to fund $284.5 million of the costs with property taxes from Downtown businesses. The construction is expected to cost $650 million.

Do you think the new development project will make for taxes dollars well spent?