Jul 30 2013

TruthOut: Billionaire Gets New Sports Arena in Bankrupt Detroit

Newswire | Published 30 Jul 2013, 7:28 am | Comments Off on TruthOut: Billionaire Gets New Sports Arena in Bankrupt Detroit -

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The headline juxtaposition boggles the mind. You have, on one day, “Detroit Files Largest Municipal Bankruptcy in History.” Then on the next, you have “Detroit Plans to Pay For New Red Wings Hockey Arena Despite Bankruptcy.”

Yes, the very week Michigan Governor Rick Snyder granted a state-appointed emergency manager’s request to declare the Motor City bankrupt, the Tea Party governor gave a big thumbs-up to a plan for a new $650 million Detroit Red Wings hockey arena. Almost half of that $650 million will be paid with public funds.

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