I’ve seen a lot of convoluted stadium subsidy proposals over the year, but I’ve got to admit that “give me at least $300 million plus free land so I can build a pro soccer stadium and I’ll build the city a new jail” is a new one. Deadspin explains:
The plot of land [where Dan] Gilbert wants to build the new arena is on Gratiot Avenue in downtown Detroit. Wayne County was in the process of building a jail on the site until 2013 when officials announced that project, estimated to cost $220 million, was likely going to run far over budget (closer to $391 million). So it sat unfinished for more than three years. The county is issuing a request for proposals to finish the jail on Friday, after which it will decide what to do with the site.
But ahead of that deadline has arrived a proposal from Gilbert-owned Rock Ventures LLC. The group announced yesterday that it had made an offer to build Wayne County a new “consolidated criminal justice complex” at a different site, about one and a half miles away, the Detroit Free Press reported. In return, Gilbert’s company would get $300 million from the county, the rights to the Gratiot Avenue jail site, and what’s described as a “credit to be paid to the company for the savings a new consolidated criminal justice complex would provide.”
How much Gilbert’s soccer stadium would cost isn’t clear — it’s being described as a “$1 billion commercial development,” but obviously much of that wouldn’t be the soccer part. But whatever Gilbert would be spending on whatever, he’s looking to get paid $300 million plus land plus that undefined “credit” in exchange for building a new jail on a different site, something he says is worth $420 million, which is even more than the city’s over-budget stalled jail would cost.
Many, many questions, in other words, most of which Gilbert no doubt hopes that Detroit’s journalists will be too busy to really put their minds to unraveling. After all, it’s the central secret of magic!