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The Malik Report

Free Press reports that DEGC, Olympia entertainment will hash out rink agreement on Friday

According to the Free Press's John Gallagher, the organizations which will help fund, build and eventually own-and-lease the Red Wings' follow-on rink to Ilitch Holdings and Olympia Entertainment plan on having a chat with the Ilitches to ensure that Detroit's City Council approves an expansion of Detroit's "downtown" footprint to make the proposed arena district eligible to receive Downtown Development Authority funding:

The Detroit Downtown Development Authority will meet in a special session Friday afternoon and could deal with final details of a deal with the Ilitch family for a new hockey arena.

The Detroit City Council won’t vote on legislation to finalize the proposed $650-million project until it sees the details of a concessions-management agreement that spells out how the project will benefit Detroit. The project financing could include up to $45 million in city dollars, according to council staff. The council is to take up the issue at a special meeting Dec. 17.

Representatives from the Detroit Economic Growth Corp., which is involved in talks to reach the concessions-management agreement, told council members that negotiations are ongoing and a deal will be ready for their review in about two weeks.

Again, the Ilitches' representatives finally made some public comments yesterday regarding the use of public funds to help subsidize the project.

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About The Malik Report

The Malik Report is a destination for all things Red Wings-related. I offer biased, perhaps unprofessional-at-times and verbose coverage of my favorite team, their prospects and developmental affiliates. I've joined the Kukla's Korner family with five years of blogging under my belt, and I hope you'll find almost everything you need to follow your Red Wings at a place where all opinions are created equal and we're all friends, talking about hockey and the team we love to follow.