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12-04-2012, 01:41 PM
Join Date: Mar 2009
Location: Ann Arbor
Country: Canada
Posts: 23,340
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Ilitch Announces New Arena Plans

The sum of the total development in the district, including residential, retail, office facilities and events centre, would amount to approximately US$650 million, and would incorporate a significant private investment supplemented by existing dollars currently collected by the DDA supporting economic development and requiring no new taxes. .
On the wings board, it is suggested that the Pistons might play here too.

I wonder how much taxpayer dollars will finance the arena?
If Detroit's DDA TIF funding works like all the other DDA TIFs I've seen, the arena will be funded with tax dollars that would otherwise go to the schools, fire department, police department etc.

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