The Malik Report
by George Malik on 07/21/13 at 12:18 PM ET
Updated with a Lashoff interview at 2:52 PM: We've been talking about the fact that the Red Wings' arena plans will NOT be derailed by Detroit's filing for Chapter 9 bankruptcy for a couple of days now, and today, Crain's Detroit Business provides both an explanation of the Chapter 9 process as it may affect Detroit businesses and, via RedWingsFeed, Crain's Detroit Business's Bill Shea, who's been the rink expert for oh...The last...Eight years, I believe...Spoke with the City of Detroit's emergency manager's office to explain why the Ilitches' rink-related plans will NOT be disrupted in any way, shape or form:
Detroit's Downtown Development Authority, which is providing $9 million in funding for construction of the streetcar line and will own and partially finance the proposed hockey arena, has a separate budget and revenue stream from the general fund, said Brian Holdwick, executive vice president of business development of the Detroit Economic Growth Corp.
"We don't think (the DDA or DEGC) are affected in any way, at least not detrimentally," said Bill Nowling, spokesman for Detroit Emergency Manager Kevyn Orr, who has been overseeing the city after being appointed by Gov. Rick Snyder in March.
In a nonbinding memorandum of understanding unveiled in June, the DDA said it intends to use $284.5 million in property taxes captured within its 615-acre downtown district to pay off bonds issued by the state to build the 18,000-seat hockey and entertainment arena at Woodward and I-75.
The remainder of the arena costs, or $365.5 million, will be picked up by Olympia Development of Michigan, the property development arm of Mike and Marian Ilitch's $2 billion Detroit business empire that includes the Red Wings, Detroit Tigers and Little Caesars pizza chain.The Michigan Strategic Fund will issue 30-year bonds to cover the public portion of the arena's construction costs. To pay off the bonds, the DDA intends to apply approximately $12.8 million annually (not to exceed $15 million) from a property tax capture in its district (tax increment financing), and another $2.15 million in average annual payments made by the DDA from other annual property tax collection.
Lastly, Olympia will pay the DDA $11.5 million annually under a management contract. The special tax capture has been in place for more than two decades and legally can't be used for anything other than economic development.
"TIF dollars have never been allocated to general fund. Those are dollars that shouldn't be part of the bankruptcy process. They're not entitled to those at all," Holdwick said.
He continues at length, but that should explain things pretty nicely.
Otherwise, it's a pretty "dry" afternoon. I chose very specifically to not file an overnight report because I looked through all of the English, Russian, Swiss, Swedish, Czech, Slovak and Finnish-language press sources I usually peruse and could only find this article from the Free Press's George Sipple, discussing Wings GM Ken Holland's busy summer on a personal-life basis--and I make it a rule to never posit an entry that's solely about a player, coach, manager, etc.'s personal life as their lives are their business unless they very directly affect their abilities to perform their jobs (let's just say that I ignore a significant number of Tweets and Facebook posts because it's not your or my business as far as I'm concerned):
The Hollands will see two of their four children wed this summer. “It’s been a busy summer for the Holland family, an exciting summer,” Ken Holland said last week after returning home to Vernon, British Columbia.
Holland said his wife is helping to ensure all goes as planned for the wedding of their daughter, Julie, at the end of the month. “We’re excited to be hosting a lot of people here for three or four days,” Ken said. “But my wife gets pretty stressed.
“For the last couple of weeks, my focus was totally on hockey with the entry draft and free agency and the development camp. Now I’ve got my eye on the wedding a little bit because it’s around the corner.”
The couple’s oldest son, Brad, is getting married at the end of August in Montreal.
I'm very happy for the Holland family, don't get me wrong, but I don't like the concept of filing an entire article dedicated to any sports personality's personal life--unless they explicitly give their permission to do so. It's their life, their family, and their business.
The "He's On Thin Ice Here Anyway" award
To CSKA Moscow GM Sergei Fedorov, who told a Russian reporter that he did, indeed, talk to Pavel Datsyuk about leaving Detroit for the KHL, but Pavs decided he wanted to stay with the Red Wings a bit longer. Hey, Sergei was just doing his job. But if he had signed Datsyuk, do you think Fedorov would have dared come here and show his face at the Alumni Showdown next season? Or just seek asylum in the Moscow Airport?
I think that Fedorov will still be invited to the alumni game, but let's just say that his comments did little to repair the relationship he, his father and player agent Pat Brisson tore apart during the period of time leading up to his divorce from the Wings in 2003.
I'll conclude this entry by heading back to RedWingsFeed for a pointer to the Hockey News, whose Mark Malinowski interviewed former Wings forward Gerard Gallant. Gallant's now an assistant coach for the Montreal Canadiens, so Wings fans will be seeing their fair share of "Spuddy" this season:
Greatest Sports Moment: "For the team, when we went to the conference finals against Edmonton when they had the star team with Gretzky and all those guys (1987). And just being involved in a seven game series, in the semi-finals (against Toronto in 1987), was probably my biggest moment. I wish I would have had some bigger ones but that was probably the biggest."
Most Painful Moment: "Losing in the first round to Toronto (1993). We had a team that could have won the Stanley Cup. Toronto beat us in overtime in Game 7. I thought that was the first year that the Red Wings really had a chance."
Most Memorable Goal: "My first, against Billy Smith of the New York Islanders."
Strangest Game: "When the guy in Calgary jumped out of the stands and fell on the ice and knocked himself out when he was streaking."
Funniest Player Encountered: "Shawn Burr is definitely one. Brian Bradley, my buddy. Marc Bergevin, actually. I played with Marc in Tampa, now he's our GM. Marc was a really funny guy."
Favorite Uniforms: "I always liked the Red Wing. I was fortunate to get drafted by them. And I always really liked that traditional sweater."
Update: No source here, so I'm guessing that Pro Hockey Talk's Joe Yerdon interviewed Brian Lashoff himself:
After 31 games with Detroit, he closed his year out winning a Calder Cup with the Griffins. With a roller coaster season like that, Lashoff says the experience was huge for him and the rest of the young guys (Gustav Nyqvist, Tomas Tatar, Joakim Andersson, Danny DeKeyser) who split time between the two leagues.
“We went through a lot of adversity in the playoffs in Grand Rapids,” he said. “Whether it was a tornado in the middle of the Oklahoma City series or dropping a game or two, we always found a way to come back and it was good. It was fun to watch and be a part of. I think it’s going to be fun more than anything to go into next season with these guys.”
The only subtraction from last year’s defensive group is Carlo Colaiacovo due to a buyout and Lashoff knows competition to get a top-six spot will be tough. With seven guys going for it in a mostly young group, he’s got all the motivation he needs.
“I think you bring those guys in and it’s been really nice to be able to have that kind of confidence to go into training camp just the same way I’ve gone into training camp since I was 18. I’ve got something to prove and it doesn’t matter if I’m 18 or 23.
“I’ve got something to prove and I’ve got to go in with a chip on my shoulder and make that top six and that’s my only priority right now.”
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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.