New Detroit Red Wings $450M arena approved by council
Arena is part of a $650M US renewal plan for new downtown
City of Detroit officials have approved rezoning property for a new Detroit Red Wings hockey arena, just north of downtown.
Council members voted 8-0 Tuesday on the request by Olympia Development of Michigan. The rezoning vote had been delayed a number of times.
A 90-year-old vacant hotel will be demolished as part of the plans for the new arena. Another building will be rehabbed and converted into apartments.
The 20,000-seat, $450 million U.S. hockey arena is expected to open in 2017. It will be the anchor for a $650-million U.S., 45-block entertainment district.
The project is expected to create jobs and stimulate growth between downtown and Detroit's Midtown.
Olympia Development is owned by Red Wings' owners Mike and Marian Ilitch. The team now plays at the riverfront Joe Louis Arena, which opened in 1979.