Detroit: Why is there over a half billion dollar stadium deal being approved in a bankrupt city?

[Crepuscular]

8. Because it makes economic sense to do so.

The redevelopment of a 45 block area of Detroit's core, financed through long term bonds, with private capital contributing 60 cents on the dollar in overall investment, makes a great deal of economic sense if the goal is to cure the cities economic woes and revitalize the Detroit Economy. The alternative is to watch the Red Wings move outside of the city to a suburban location, while the city center continues to disintegrate into a wasteland of uninhabited structures. Ford Field and Comerica Park draw millions of people a year into the downtown area, many of whom have no other reason to travel downtown and spend money. The new hockey arena will provide a similar draw.