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CNN weighs in on the Wings’ rink financing amidst Detroit’s municipal bankruptcy

This was inevitable: I know that TMR readers are having a spirited discussion regarding the merits of the Downtown Development Authority, State of Michigan and Michigan Strategic Fund's approval of $450 million in bond sales to help fund the Red Wings' proposed rink and surrounding retail development...

And CNN's Chris Isadore finally caught on:

Detroit's financial crisis hasn't derailed the city's plans to spend more than $400 million in Michigan taxpayer funds on a new hockey arena for the Red Wings.

Advocates of the arena say it's the kind of economic development needed to attract both people and private investment dollars into downtown Detroit. It's an argument that has convinced Michigan Gov. Rick Snyder and Kevyn Orr, the emergency manager he appointed to oversee the city's finances, to stick with the plan. Orr said Detroit's bankruptcy filing won't halt the arena plans.

"I know there's a lot of emotional concern about should we be spending the money," said 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."

Continued, and, surprisingly enough, the article's worth your time...

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Red Wings mid-day news: on the glut of forwards, Filppula, ‘best’ games and Al’s octopus

Amongst this afternoon's Red Wings-related news stories: MLive's Ansar Khan's penned a second "Ask Ansar" column, and after addressing questions regarding the futures of Damien Brunner and Daniel Cleary, Khan discusses the Wings' roster glut up front:

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Pavel Datsyuk With Some New Moves

Datsyuk at his youth hockey school in Russia.


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Red Wings overnight report: on awful timing, Andersson, Tatar and rules of enagement

I'm guessing that the tenor of the comments section of late has reflected general reactions to the news regarding the Red Wings follow-on-rink's funding--at times venomous and downright nasty, which is understandable "in the spirit of the thing," but not so acceptable when it's your damn blog and your readers are being mean to each other.

So the playground lady wants to let you know that what's been said over the past couple of days is, in tenor, understood, but not cool in any way, shape or form. That needs to be said right off the *#$%@& bat here. Calm the hell down, people, and be *#$%@& civil.

Now that it has been said, I think that the Detroit News's Frank Beckmann* did a better-than-anybody-else-has-said-it job of explaining why things have been so vicious all over the damn place while providing an honestly-acceptable scapegoat: the "Tough Nerd."

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Grand Rapids Griffins ink AHL vet David McIntyre

Via RedWingsFeed, we're going to call this Grand Rapids Griffins signing "interesting," because the Griffins have inked a solid but unspectacular center in Davd McIntyre to an AHL-only contract:

The Grand Rapids Griffins on Thursday agreed to terms with center David McIntyre on a one-year AHL contract.

McIntyre, 26, spent the last two seasons (2011-13) with the Houston Aeros, recording 66 points (31-35—66) and 118 penalty minutes in 131 games. The 6-foot, 195-pound forward led the Aeros last season with a plus-19 rating and also ranked among team leaders with 15 goals (T4th), 18 assists (T6th), 33 points (5th), 45 PIM (T5th), three game-winning goals (T3rd) and 143 shots (3rd). He also recorded three points (2-1—3) in five games against Grand Rapids during the Western Conference Quarterfinals.

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Red Wings mid-day news: on Karmanos’s US HHOF induction, the follow-on rink, Alfredsson and the Habs

I'd be remiss in not begining this entry by noting that Michigan native Doug Weight, Plymouth Whalers owner Peter Karmanos and former Michigan State University coach Ron Mason were named to the U.S. Hockey Hall of Fame's class of 2013 inductees.

Weight, who's from Warren, was one of those classic Michigan natives that the Wings doggedly pursued but could never close a deal upon acquiring; Mason is obviously nothing less than a coaching legend; and Karmanos' Compuware program is the developmental hockey "yin" to Mike Ilitch and Little Caesars' "yang."

USA Hockey posited the following biographical sketches of each of their five inductees (Bill Guerin and Cindy Curley were the others)...

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Talking Brunner And Cleary

Anshar Khan of Mlive answered some questions regarding Damien Brunner and Dan Cleary....

On Brunner...

It's highly doubtful that Brunner will return. He was seeking a multiyear deal worth around $3.5 million a season. The Red Wings offered two years at $2.5 million per season. They were hesitant to offer more to a player with no track record in the NHL (just 44 games).

Brunner started strong, with 10 goals and 16 points in 19 games while playing on a line with Henrik Zetterberg, then hit a wall, going 15 games without a goal. He finished with 12 goals and 26 points in 44 games and had a decent playoff run (five goals, nine points in 14 games).

The inconsistently, coupled with his NHL inexperience, makes it difficult to determine his value or commit too many years to him. That might explain why he hasn't signed yet.

I doubt that Brunner would significantly lower his asking price to return to Detroit. Plus, he's looking for a top-six role to maximize his offensive ability, and the Red Wings are set with their top six.

On Cleary...

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Red Wings overnight report: on the follow-on rink, Datsyuk and Alfredsson

I'd like to begin this entry with some clarification regarding the Michigan Strategic Fund's approval of over $450 million in bonds to help finance the Ilitches' follow-on rink and the surrounding economic development:

At this point, there's no doubt that the concept of diverting $12.8 million per year for the next...Uh...30 years or so..."To help fund a zillionaire's pet project" seems awful on the surface given Detroit's Chapter 9 municipal bankruptcy.

But that's just not the an accurate assessment of the project, where the money's coming from, or what it's supposed to be used for.

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More details of Ilitches’ rink/development plan emerge as $450m in bond sales approved

On Wednesday afternoon, the Michigan Strategic Fund approved the sale of a total of $450 million in bonds to help defray the cost of the Ilitches' proposed follow-on rink rplacing the Red Wings' current home, Joe Louis Arena, as well as surrounding economic development. The Detroit Free Press's Tom Walsh confirms...

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Let’s just say that the Red Wings’ rink proposal won’t be derailed by Detroit’s municipal bankruptcy

Updated 2x: the funding plan for the Wings' rink proposal has been approved. We're apparently still waiting for this to go down, but the Detroit News's Louis Aguilar reports that Michigan governor Rick Snyder's makig a public show of support for the Red Wings' rink and economic development project today in Lansing:

Gov. Rick Snyder will tout the $650 million new hockey arena and 45-block entertainment district Wednesday afternoon as evidence that big Detroit projects will continue to move forward amid Chapter 9 bankruptcy.

Snyder was scheduled to speak at 2 p.m during the Michigan Strategic Fund meeting where the fund, a state economic development agency, is expected to start the process for $284.5 million in 30-year bonds to cover the public portion of the arena’s construction costs.

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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.



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