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Article posted Jul 27 2013, 12:53 AM Category: Economy Source: The Epoch Times Print

Detroit Red Wings Get New $444 Million Taxpayer-Financed Stadium While the City Goes Bankrupt


Detroit’s $444 million arena is still being built, a report says, amid the city’s attempts to declare bankruptcy.

The construction of the arena, which is funded by taxpayers, is for the Detroit Red Wings, according to CNN. Proponents of the arena have said the arena is needed to spur economic development, including jobs and private investment.

“I know there’s a lot of emotional concern about should we be spending the money,” said new Detroit emergency manager Kevin Orr. “But frankly that’s part of the economic development. We need jobs. If it is as productive as it’s supposed to be, that’s going to be a boon to the city.”

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Comments 1 - 4 of 4 Add Comment Page 1 of 1
Anonymous

Posted: Jul 28 2013, 2:46 AM

Link
70178 they are selling bonds, not just spending tax dollars.
Kulak Acres

Posted: Jul 29 2013, 12:32 AM

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1987 Glorious hopey changey improvementations comrade?
Anonymous

Posted: Jul 29 2013, 6:06 AM

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65110 What a waste of money
Anonymous

Posted: Jul 30 2013, 8:03 PM

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7113 What will they do with the Joe Louis Arena....There is nothing wrong with it...It is huge, beautiful.

Are they going to turn the \"Joe\" into a Fema holding center?


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