The city earned an average of $7 million per year through these revenue sharing agreements. Sales of game tickets, parking, concessions, souvenirs, and any potential naming rights deals would not be subject to revenue sharing with the City of Detroit as they were with Joe Louis Arena. Olympia would have full operational control of the arena, an arrangement similar to the one Olympia had with the city-owned Joe Louis Arena. The new arena would be owned by the city's Downtown Development Authority (DDA) and its land would be leased to Olympia Entertainment, a subsidiary of the Red Wings' parent company, Ilitch Holdings, rent free for a long term. and NBBJ to design a new arena for the team, which would replace Joe Louis Arena. It was reported in May 2012 that the Red Wings had hired HKS, Inc. History Rumors and announcement Ĭomerica Park and Ford Field (pictured) were incorporated into a "Wildcat Corner" district near the new arena. The arena also features 45 LED displays covering more than 13,500 square feet (1,250 m 2) and 16.5 million plus LEDs in and around it. The arena features a centerhung scoreboard that measures at 5,100 square feet (470 m 2). Christopher Ilitch described the arena's design as being "revolutionary", and believes that it may influence future arena designs in other cities. The Bell Centre in Montreal has been cited to be one of the biggest influences of the arena's design. In addition to serving as the practice facility for the Red Wings, the rink serves as the home of both Little Caesars AAA Hockey Club and Little Caesars Amateur Hockey League as well. A 37,300-square-foot (3,470 m 2) practice ice rink is also inside the arena. The exterior of the bowl structure is capable of displaying video projections. The bowl also features a "gondola" seating level suspended above the stands. The eight-story arena is built as a bowl, with its floor 40 feet (12 m) below street level with seating capacities of 19,515 for ice hockey and 20,332 for basketball. There is also an outdoor plaza with a large video display. The concourse will remain open year-round, even if an event is not occurring inside the arena, allowing it to also be used as a venue of its own. The roof forms an indoor "street" that serves as the arena's concourse. Buildings housing retail outlets, including several restaurants, the arena's box office, and the offices of the Red Wings are built outside the arena, but a glass roof is erected between the buildings and the arena itself. Little Caesars Arena was designed by HOK, and features a unique "deconstructed" layout. It was designed to be the flagship of a new $2.1 billion 650,000-square-foot (60,000 m 2) sports and entertainment district, The District Detroit, with mixed-use neighborhoods with new residential and retail outlets located around the Cass Corridor, Ford Field, and Comerica Park. The arena features a unique, clear plastic roofed concourse connecting it to offices and shops surrounding it. Opened on September 5, 2017, the arena, which cost $862.9 million to construct, replaced Joe Louis Arena and The Palace of Auburn Hills as the home of the Detroit Red Wings of the National Hockey League (NHL) and the Detroit Pistons of the National Basketball Association (NBA), respectively. Little Caesars Arena is a multi-purpose arena in Midtown Detroit.
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