High-Rise Apartments, Restaurant Could Go Up After Joe Louis Arena Razed

Joe Louis Arena

Now that the Red Wings have moved into their new venue, there are plans to soon demolish the Joe Louis Arena.

After that, there are visions of building a high rise apartments, a restaurant and other retail, Nicquel Terry of The Detroit News reports

Maurice Cox, director of planning for Detroit, envisions a more walkable area, a destination for visitors and an attractive place to live.

"There is no question that you can accommodate residential, retail and commercial all mixed together," Cox says. "We have a chance to make a very vibrant place that has its own kind of unique identity."

After the building is razed, the city -- which owns the property -- will hand it over to bond insurer Financial Guaranty Insurance Co. as part of the municipal bankruptcy deal the city made to pay off debt.

Read more:  The Detroit News

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