Plans for the new Detroit Red Wings arena are expected to be unveiled on Sunday, as announced by the Detroit Free Press Saturday morning.
The new arena will eventually become the home to the Red Wings who currently play their home games at Joe Lewis Arena.
The plans are also rumored to include an adjacent entertainment district that will include retail, residential, office and restaurant space on the venue site.
The message Free Press subscribers received Saturday in an e-mail:
“Arena plans unveiled: Plans for the Detroit Red Wings’ new home will include construction of a huge new entertainment district downtown. An exclusive look, only in the Sunday Free Press.”
Crain’s Detroit Business is expected to also reveal the plans currently withheld from public eyes. Crain’s values the arena at $450 million to construct.
Upon completion, the project will fill a gaping hole downtown and covers a 45-block area bordered by Charlotte Street to the north, Grand River to the west, Grand Circus Park to the south and Woodward Avenue to east.
The 18,000 seat event arena is reportedly aiming for a 2017 completion date and will have 1,200 premium seats, an attached 500-space parking garage and 10,000 square feet of retail space anchored by a Red Wings merchandise store, restaurants and other retail, according to the project plan.
Property taxes will pay for $261.5 million or 58 percent of the arena’s construction cost, while the team’s ownership would provide the remaining $188.4 million.
Joe Louis will be razed and the site redeveloped after the new venue opens.