3.22.09
Where will Wings roost? Joe Louis Arena lease nears end
Cobo expansion complicates plans for Joe Louis
Cobo expansion complicates plans for Joe Louis
By Bill Shea
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)
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)
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