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Ilitch organization to get $74M bonus for hitting arena district goal

The Detroit Downtown Development Authority will award $74 million in additional public subsidies to reimburse the Ilitch organization for $200 million in District Detroit investment. JC Reindl, Detroit Free Press

The Ilitch organization is set to receive $74 million in additional Detroit taxpayer subsidies for meeting nearly all of its contractual obligations for the new commercial district surrounding Little Caesars Arena, which was recently the subject of a critical HBO report.

That money will be on top of the $324 million public tax contribution toward construction of the arena itself.

Ilitch-owned Olympia Development has made at least $200 million in building investments within the arena district, popularly known as District Detroit.