Best Exaggerated Remark About the New Detroit Red Wings Arena

Tom Wilson of Olympia Entertainment calling it a 'once-in-a-generation deal' before Detroit City Council approved a controversial land transfer swap moving the project forward

Staff Pick

Tom Wilson's glib summary of the new arena as a 'once-in-a-generation' deal for the city of Detroit pushed us over the cliff. First, the so-called 'catalyst development' required the City Council to extend the boundaries of the Detroit Downtown Development Authority to accommodate Red Wings owner Mike Ilitch's dream, in the process diverting a heck of a lot of potential property tax revenue away from the city's general fund. Second, it required the state to bend over backward to ensure Ilitch received nearly $261 million in public tax dollars to make the deal happen. So while we get that Wilson meant what he said as praise, perhaps Detroit has seen this kind of deal before — when we taxpayers helped subsidize Comerica Park not too long ago. Once in a generation? We should be so lucky.

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