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$25 million in Red Wings arena construction contracts OKd

The public body that will own the new Red Wings arena approved more than $25 million in construction contracts Wednesday.

Companies headquartered in Detroit will perform more than $7.6 million worth of the work the Detroit Downtown Development Authority approved Wednesday.

Detroit-based businesses, which are headquartered elsewhere but have offices in the city, got $838,109 of the work.

That means local companies received more than 33% of the work awarded, exceeding the developer's goal for including Detroit businesses in the $533 million arena project.

Olympia Development of Michigan, the Ilitch-owned developer, set a target of including Detroit-based or Detroit-headquartered businesses in at least 30% of construction work for the arena.