Olympia Development of Michigan today announced plans for a sweeping transformation of dozens of underutilized blocks between downtown and midtown Detroit into a sports and entertainment district.
The project will connect existing and new development efforts in downtown and midtown Detroit along Woodward Avenue with five walkable, livable mixed-use district neighborhoods, and includes an arena to replace Joe Louis Arena.
The new, mixed-use development is being coupled with new arena's construction, officials said. The development project is estimated at $650 million, according to Ilitch Holdings, Inc., which owns Olympia Development of Michigan.
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