Cobo expansion complicates plans for Joe Louis
Mike Ilitch has until June 30 to say if he’ll modernize The Joe or build a new facility.
The ongoing saga of whether to renovate the Joe Louis Arena or build a new home elsewhere in the city for the Detroit Red Wings has entered its version of hockey's third period — and the team owner can force overtime by negotiating an extension on a lease with the city.
Mike Ilitch, the team's owner since 1982, has until June 30 to tell Detroit if he will modernize the 30-year-old, city-owned arena or construct a new venue that likely would cost $200 million to $300 million.
Talks have been ongoing for several years between the Ilitch organization and the quasi-public Detroit Economic Growth Corp.
Even with the clock ticking, no offers are on the table, those involved say.
Adding spice to the drama... (Original Story & extras)