February 26, 2020 Hockey / NHL / Olympics

NHL Players’ Return to the Winter Olympics May be Closer than Expected

On February 8, 2020, Sportsnet’s Elliotte Friedman tweeted that “the [International Olympic Committee] and [International Ice Hockey Federation] indicated a willingness . . . to address NHL issues to get players to go to 2022 Olympics.” This is a significant change in the NHL’s previous anti-Olympic stance.

The 2018 Winter Olympics in PyeongChang, South Korea marked the first time in 20 years that NHL players were absent. The players were overwhelmingly in favor of playing in the 2018 games; however, the NHL balked at the …

September 21, 2014 NHL

Detroit Red Wings to Build New Arena With $450 Million in Bonds

On Wednesday, September 17, the Michigan Strategic Fund board gave final approval for the sale of $450 million in 30 revenue bonds to help finance a new Detroit Red Wings Arena.

The financing plan includes $250 million in tax-exempt bonds and another $200 million in variable-rate taxable bonds backed by arena concessions fee payments. Under the plan, Olympia Development, part of Ilitch Holdings (owners of the Detroit Red Wings), will pay 44% of the cost and the Detroit Downtown Development Authority (who would …