The Detroit Red Wings and city officials have announced a $650 million plan for a new arena for the NHL team in Detroit's downtown entertainment and sports district.
Plans for the 18,000-seat arena were announced Wednesday at a meeting of economic development officials to approve the deal. Red Wings owner Mike Ilitch has long said he wanted a replacement for the 32-year-old Joe Louis Arena.
The Red Wings say there will be $367 million in private investment and $283 million in public funds in the complex. It also will include residential and retail space.
The arena would be at Interstate 75 and Woodward Avenue, near the Detroit Tigers' Comerica Park and the Detroit Lions' Ford Field.
Ilitch, who founded Little Caesars Pizza, also owns the Detroit Tigers.