Chaos and uncertainty in Detroit helped Ilitch family finance new arena
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.