Detroit council OKs land transfer for new hockey arena - FOX 10 News | fox10phoenix.com

Detroit council OKs land transfer for new hockey arena

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DETROIT (AP) - The Detroit City Council has voted 6-3 to approve transferring vacant city-owned parcels for a new hockey arena and a 45-block entertainment complex just north of downtown.

Once complete, the 18,000-seat arena will become home to the Detroit Red Wings who will move out of aging Joe Louis Arena.

VIDEO: Click on the video player above to hear from those opposing the land deal in a report from FOX 2's Erika Erickson

The transfer approved Tuesday is the third part of council action on the $650 million project. In December, the board OK'd financing for the project and broadened the boundaries of the city's Downtown Development Authority.

The authority would own the arena and event center. Olympia Development would have exclusive rights to use, manage and operate it, and hold naming rights.

Council says, in the end, the project will mean more jobs and more money for the city.

The Ilitch family owns Olympia Development and the Red Wings.

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