Kukla's Korner

The Malik Report

New Sports & Entertainment District Proposed By Ilitch

from Paul Egan of the Detroit Free Press,

Officials from Mike Ilitch's Olympia Development Company are today outlining to state lawmakers plans for a $650 milllion-dollar mixed use development in downtown, anchored by a "new, state of the art, multi-purpose events center."

Eric Larson, non-executive president of Olympia Development, told the Senate Government Operations Committee the public-private development is expected to annually produce more than 1,000 jobs and $210 million in economic impact.

"The building of an events center district will create over 5,500 jobs for the events center alone and nearly 8,300 jobs for the first phase of the overall events district," Larson said.

He pegged the overall economic impact of the project at $1.8 billion.

continued

added 3:41pm,

Read the press release from Ilitch Holdings.

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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.