Detroit: broke but still funding new arenas

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Crain’s Detroit sports business reporter Bill Shea addresses the concerns regarding Detroit’s bankruptcy filing while funding a new stadium for the Red Wings, how Detroit citizens are reacting to this, and how exactly Detroit is going to pay the $280 million dollar project.

An abandoned building in DetroitÕs Corktown neighborhood.

An abandoned building in Detroit’s Corktown neighborhood. (Handout photo)