If you slept through the last week, this headline from Detroit Curbed probably has you utterly baffled:
Yes, that’s the owner of the Detroit Red Wings (and Detroit Tigers, and Little Caesar’s Pizza) issuing a press statement in response to an HBO comedian’s criticism of his deal to get $300 million in public subsidies for a new hockey arena. And what was Ilitch’s response?
“This project is about so much more than a world-class sports and entertainment arena; it’s about transforming a core part of our city for the benefit of the entire community,” the statement said. “The new Detroit arena and The District Detroit will create 8,300 construction and construction-related jobs, as well as at least 1,100 permanent jobs. To date, the Detroit Downtown Development Authority has approved nine contracts worth $121 million, of which Detroit-based and -headquartered businesses have won more than 88% — or $106 million. Initiatives of this size, scope and impact — $1.8 billion dollars for our city, region and state — are almost universally public-private partnerships. The majority of this development is being privately financed, and no City of Detroit general funds are involved whatsoever.”
That doesn’t actually counter any of Oliver’s criticisms, which amounted to pointing out that 1) Ilitch is getting $280 million in public funds, 2) Ilitch is worth an estimated $5.1 billion, 3) Detroit filed for bankruptcy the week before all this was approved, and 4) Little Caesar’s Crazy Bread sucks. In fact, the majority of the development is not privately financed (it’s 58% public, even by the Detroit Free Press’s conservative math), and while city general funds aren’t being used, development funds that would otherwise go to other city projects are, as is a gift of free city land.
In short: Watch John Oliver’s show next week, because he just got handed a whole lot of new material. Thanks, funnyman Mike Ilitch!