LANSING, Mich. (AP) - A state board has given the go-ahead for a new Red Wings arena in downtown Detroit that will be partially paid for with tax dollars.
The Michigan Strategic Fund Board on Wednesday unanimously approved the Downtown Development Authority's request to use economic development taxes for the project. The board also signaled the intent to issue bonds to build the arena.
The project includes $450 million for the arena and another $200 million for nearby developments designed to connect downtown to midtown. Fifty-six percent of the cost is private and 44 percent public.
Gov. Rick Snyder and others defended using public money at a time Detroit is in bankruptcy proceedings and can't deliver basic services.
Snyder says it's part of investing in Detroit's future and sending a message to investors.
Advertisement

NHL Top Stories

Thumbnail Darling doing his finest Crawford impression The Blackhawks are missing their No. 1 netminder. Judging by the events of the last week, though, coach Joel Quenneville seems to have a...
Thumbnail Flames vs. Coyotes Prediction Will the under cash tonight when the Coyotes host the Flames at 9:00PM ET?
Thumbnail Caps, B's poised for ultra-competitive affair Despite minimal offensive contributions, Boston has captured three games in a row entering Wednesday’s matchup against Washington. Will Claude Julien’s club stay...
Thumbnail Montreal surprisingly mediocre on road Home ice has been very good to the Blues so far this season. But will the NHL’s top team put an end to the fun shortly?
Thumbnail Panthers vs. Bruins Prediction The Panthers have been a horrible bet against the Bruins but will they pull off the upset tonight at 7:00PM ET in Boston?

NHL Team Pages