News

Officials Break Ground On New Detroit Hockey Arena District

Thursday, September 25, 2014

Officials held a groundbreaking for a new hockey arena entertainment district in Detroit Thursday afternoon.

Governor Rick Snyder, Mayor Mike Duggan, and City Council President Pro-Tem George Cushingberry made remarks during the special ceremony held near Woodward and I-75.

They were joined by Olympia Holdings President and CEO Chris Ilitch.

He says the new district provides Detroit with a unique opportunity.

“This is the day we start creating. This is our one shot. Our one shot to build a world-class sports and entertainment district in the heart of Detroit. One that rivals anything in our country. Hey Detroit. Hey Michigan. Let’s do this together.”

Olympia Development says it’s committed to investing $200 million in new residential, retail, and office space in the area.

That’s on top of a $450 million bond financing plan approved for the arena and entertainment district earlier this month.

The new hockey arena is scheduled to open in 2017.