My father and I just refer to it as the Gordie Howe Arena. It works wonders for ignoring the other name...
But if you just say "the Gordie Howe" you won't be able to differentiate from the bridge!
My father and I just refer to it as the Gordie Howe Arena. It works wonders for ignoring the other name...
Well you just outlined three of the things being put down there as a part of this project.
Do you really think Whole Foods expansion in Detroit was unaware of this project?
Hopefully it helps develop a lot of those things as a result of the project having a big impact. It is certainly a starting point for a long struggling area.
Not trying to rain on the parade, just saying if you want me to be impressed with what the Illitches did for the city with the property they've had forever, that clock has already run out, so I just don't buy into that narrative at all.
Can't really finish my thought here without feeling like I'm stepping out of the bounds of hockey related discussion, but would just say that the scale of the impact of 20,000 folks is so minor in comparison to the scale of a major us city, that I ain't got any pats on the back for anyone involved in what's essentialy a pet project.
Yeah the fifth largest tax payer Ilitch Holdings in the city of Detroit is a real problem...
There isn't exactly a line out the door to invest in Detroit. Sorry to break that to the people that thought a unicorn was going to appear after 50 years of nothing in that direction. There are some people willing to throw money down there. Those groups make money, but their projects are driven for what they are and represent tangible growth in an area that has been terrible forever.
You don't have to pat them on the back. They do well off these operations. But you also don't need to pretend these mythical solutions of incredible noble projects are going to materialize either. They haven't for years. Lets take all that money Ilitch has back out to Garden City and some other suburban arena location and have even less money.
The Ilitch family and Gilbert don't deserve the scorn they get for attempting to fix areas that haven't had answers for a long time. Hey at least they are trying.
The guy is a champion of the city of Detroit. The Ilitch family is investing 500 million dollars of private money. They went and got state money to help protect the city of Detroit. The way this project is being described bothers me greatly. Sorry I just don't think the Ilitch family is trying to pull a fast one on everyone. I do expect them to make money, but they have made plenty of money for the city of Detroit over the years as well.
Let's be mindful of the fact that one can praise many of their actions without endorsing all of them.
That land was mostly abandon and rundown when he started acquiring it. I can only speak from 1972 onward as that is when my dad moved to town but it was a terrible part of town then....
So when the Ilitch's started buying land in the late 80's and early 90s and then saw outside groups buy land to start cashing in "lottery tickets" that had a lot to do with it.
Connecting the river to midtown at least gives hope that perhaps some of the young GM, QuickenLoans and Ford people will live in that area as opposed to Royal Oak. Of course spending several decades without a grocery store didn't help either....
I have a buddy a little younger than me that just bought a condo in this area. I asked him would he have done that without this development, his answer was a flat no. There is at least one tax payer and person feeding Detroit businesses that would still be hanging out in Royal Oak. Does that hit the study? I am not really sure. I think there will be a lot of examples like that. Again time will tell, but I am not willing to say this is a huge loss for the city. This project has tremendous value to the city of Detroit if done right. A big part of that will be how the politicians who have an incredibly spotty record make use of this momentum.
There's more to this than bottom line profits, it's a million moving parts that all build toward does this development help the city enough to warrant a $250M price tag. I think it does.
I have a buddy a little younger than me that just bought a condo in this area. I asked him would he have done that without this development, his answer was a flat no. There is at least one tax payer and person feeding Detroit businesses that would still be hanging out in Royal Oak. Does that hit the study? I am not really sure. I think there will be a lot of examples like that.
That's been my rub all along; people equating this project being a success for Detroit based on suburbanite standards. Building a insular community within the city that is populated by Royal Oak bruhs does not constitute tangible value to the city. Yeah, the tax base will increase marginally, but what else?
Is the tax base going to get Brightmoor cleaned up? Will it patch the leaky roofs in the schools, provide public transport to people in stressed areas (please do not mention the Q line) to work all the great jobs this arena will create? If that is the case, then it's all worth it. On the other hand, if, say, The Old Miami gets turned into a Starbucks and the rest of Detroit continues to decay then the scam will be evident.
I haven't seen a windfall of success stories with the advent of Comerica and Ford Field, so you'll have to pardon me if I'm not optimistic about this one. I also worry about the small businesses in the area that have toiled on to try make the area decent for many years. I will definitely pre-game at Harry's, one of the places that has stuck around in the area through thick and thin.
I am not sure basing the value on Detroit standards of years past is really a good goal. Millennials like to live in downtown areas, young professionals like to live in downtown areas. For years this city has had a poor recruiting tool there, heck it has also helped many of us flee the area we grew up in as well. Getting more to do so in Detroit or stay in the Detroit area hopefully downtown should be a big goal. It has been a problem for the city since the riots.
I don't think the entertainment district fixes it alone. But it certainly provides an opportunity to continue rebuilding Detroit. Midtown wasn't very nice either 20 years ago and it has rebounded. You are starting to see a potential rebound in the Woodward Corridor, connecting parts of downtown.
But the big thing will be can the Politicians downtown grow something out of this investment. I am hopeful that they can, this kind of investment isn't presented to Detroit often. It is a big opportunity, I hope the city doesn't squander it and I hope that it has a positive impact on the community around.
Turning parts of decayed Detroit around is the goal. Growing your tax base is a part of the goal. We will see, perhaps in 15 years we can be talking about what a scam this was. It is still the kind of thing I like seeing go into Detroit and I am hopeful they can capitalize on.
At the end day, the deal wasn't good for Detroit taxpayers, but there's evidence that was by design, too. The city's two lead negotiators in the arena deal quit their posts to work for Ilitch's organization a year after the deal was done.
Yes, I am happy to pass metaphorical/hypothetical judgement, but would never presume to know the intetions and effects of any individual(s) and how they go about their daily business.
Haha, that article is great though, I immediatly got grossed out and had to stop reading.
A 324 million dollar investment by the State has brought 2.2 billion dollars worth of development to the city. Seems like a good trade off.
Source?
Olympia has stated that its District Detroit project already has $2.2 billion in total investment, meaning it has reached the threshold to qualify for the DDA-backed subsidy, which will be paid after the public bonds are paid off. The bond maturity date was extended to 2050-51 as part of the contract approved Tuesday.
By the time all of the arena bonds are paid off, borrowing costs and interest will have pushed the arena's price tag to beyond $1 billion.
The public bonds will be paid off by the tax capture mechanism, and the Olympia bonds and private financing will be paid via revenue created by the arena, such as games and concerts. Olympia, under the financing deal, keeps all revenue generated by the arena — a departure from its current deal with the city for Joe Louis Arena, where Olympia in the past has paid rent and surrendered revenue in the form of ticket charges and other fees.
Under the financing deal for the new arena, downtown companies will foot much of the property tax bill used to pay off the public bonds, including Quicken Loans Inc., General Motors Co., Olympia Entertainment and real estate firms such as Southfield-based Redico LLC.
It looks absolutely amazing in every single way. Makes it even more frustrating that people are only worried about a roof and a name
More like having a beautiful wrapper (the new barn) for a lousy product (the roster).This is the most in depth series of pictures I have seen of the new arena so far:
http://www.mlive.com/redwings/index...front_and_last_row_vi.html#incart_river_index
It looks absolutely amazing in every single way. Makes it even more frustrating that people are only worried about a roof and a name
Pizzahouse is a good nickname IMO