Detroit Billionaires Gores and Gilbert Have until February 10 th to Submit Plans for New Stadium

USIG Staff - January 2017

The Wayne County Jail Site has been an eyesore in the Greektown district for over 2 years now. The site, originally slated to be the new of a new county jail, has been stalled for years now. However, local billionaires joined forces last year to announce they would be making a serious effort to acquire the site from the County to build a major stadium, even bigger than the Little Caesars arena being completed in Downtown. Tom Gores and Dan Gilbert are no strangers to the sports arena business. Gores is the owner of the Detroit Pistons and their current home, the Palace of Auburn Hills. Gilbert is the owner of the Cleveland Cavaliers and their Quicken Loans arena, named after his mortgage business based in Detroit.

Wayne County Executive Warren Evans has said that there is no official offer from Gores or Gilbert yet, but has essentially given the developers until February 10 th to submit plans, or else the County will resume with plans to complete the jail project, according to the Detroit News. Located just outside of Greektown’s central business district, many critics have pointed out this site is prime real estate and should not be used for a jail. The better alternative for Detroit residents would be the $1Bil stadium and related businesses, which would attract an MLS team to serve as the main tenant for the stadium.