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Something’s Going Down in the D

From the Detroit News (business section)…

A series of high-priced land acquisitions in a forlorn stretch of Detroit’s lower Midtown area is fueling speculation a major development project could be in the works.

Eighteen parcels, mostly blighted and empty, have been quietly bought or optioned since September 2008 in the area just north of the Fox Theatre and close to Woodward Avenue. These properties are near four empty blocks of Woodward Avenue owned by the city. The area of activity is bordered by Woodward and Cass avenues from east to west and Temple and Sibley streets from north to south.

In at least two cases, the sellers have been asked to sign confidentiality agreements not to divulge the identity of the buyers.

I remember talks back in 2008 that “the land” was already bought for the future home of the Detroit Red Wings…but over time it seemed to be just conjecture and hear-say.  Especially with the construction of the new statues (we’re waiting for the Holmer one outside the men’s room) and such.

Here is the one line e-mail response from Illitch Holdings to this story:

“Whether we are involved or not in these particular business opportunities — or any others, for that matter — is not something that we would comment on publicly.”

Interesting.  Well in June, the company must announce publicly whether or not it will keep the Red Wings in Joe Louis Arena, which is owned by the city.  So I suppose we’ll have to wait until then.

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