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Chaos and uncertainty in Detroit helped Ilitch family finance new arena

aerial view of little caesars arena
Tony Brown
Michigan Radio
Little Caesars Arena will be home to both the Detroit Red Wings and the Detroit Pistons.

It’s taken 25 years for the Ilitch family’s dreams of a shiny new home for the Detroit Red Wings to come true.

Little Caesars Arena officially opens tonight with a Kid Rock concert.

The $823 million stadium will be the new home for both the Red Wings and the Detroit Pistons. The public’s share of the tab so far has been $324.1 million

Bill Shea of Crain’s Detroit Businessjoined Stateside today to explain how the Ilitch family was able to finance the new arena in a bankrupt city.

Listen above to hear why some saw the project as a “beacon of light in the darkness" when it was unveiled.

(Subscribe to the Stateside podcast on iTunes, Google Play, or with this RSS link)

Stateside is produced daily by a dedicated group of producers and production assistants. Listen daily, on-air, at 3 and 8 p.m., or subscribe to the daily podcast wherever you like to listen.
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