Thread: News Article: MSG gets 10 year permit
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07-27-2013, 03:37 PM
Brooklyn Ranger
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Originally Posted by patnyrnyg View Post
Regardless, they are playing in a city that is bankrupt and getting public money. I am sure there are some that are saying the state should give that money to the city, instead.
The state money is part of a redevelopment plan--that's why they are going ahead with it.
A state board on Wednesday unanimously gave the go-ahead for a new Red Wings hockey arena in downtown Detroit to be paid for in part with $284 million in tax dollars even as the broke city works through bankruptcy proceedings.
''This is part of investing in Detroit's future,'' said Snyder, a Republican who blessed a state-appointed emergency manager's request to take the city into bankruptcy last week. ''That's the message we need to get across. ... As we stabilize the city government's finances, as we address those issues and improve services, Detroit moves from a place where people might have had a negative impression - although there are great things already going on - to being a place that will be recognized across the world as a place of great value and a place to invest.''
The State is not only giving money (a total of $650 million) to build the new arena, but create an area that will attract businesses and jobs to the downtown area. Will it work? Maybe.

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