In Red Wings Land
Detroit — Even as the vacant Joe Louis Arena is dismantled, the plan to figure out what happens next at the riverfront site has taken another unexpected turn.
The bond insurer that gained the property as compensation for losing $1.1 billion in Detroit’s bankruptcy no longer wants the property. Bond insurer Financial Guaranty Insurance Co., or FGIC, is in talks with an unnamed local development group that wants to buy the arena site and an adjacent parking garage and find a new use for the site.
What do you want to see done with The Joe and the land it currently sits on?
It’s right on the Detroit River, so I think it would be cool if some waterfront bars and restaurants were developed on the land. Maybe one of them is Red Wings’ themed to pay tribute to the old arena? Regardless, any development and progress will be good for Detroit.
Around the League
The Detroit duo of Jimmy Howard and Jonathan Bernier find themselves right in the middle of the NHL pack.