Detroit Red Wings Get New $444 Million Taxpayer-Financed Stadium While the City Goes Bankrupt (The Epoch Times)
Saturday July 27th, 2013
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.”