Ilitch proposes $650M project housing Red Wings
Published: December 4, 2012
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This photo taken Thursday June 14, 2012 shows an aerial view of downtown Detroit shows parking lots behind The Fox Theatre and the State Theatre. Detroit Red Wings and Fox Theatre owner Mike Ilitch said Tuesday, Dec. 4, 2012, that he plans a $650 million multiuse development in the area that will include a new venue for the NHL club. (AP Photo/Romain Blanquart, Detroit Free Press)
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His family also owns Little Caesars Pizza and downtown Detroit's Fox Theatre. He said the new project would add to the "more than $1.9 billion the Ilitch companies have already invested."
Eric Larson, non-executive president of Olympia Development, told the Senate Government Operations Committee the project would create more than 8,000 construction jobs. He provided no timetable for getting the project under way.
The committee was considering legislation that would enable Olympia to apply for Downtown Development Authority funds to support the project.
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