ILITCH

The Ilitches already received roughly $400 million to develop neighborhoods around Little Caesars Arena that never came to fruition

The billionaire family’s organization already received about $300 million in taxpayer funding

The proposed projects were presented at a community meeting Tuesday (Nov. 29) night. The projects are a collaboration between the Ilitch family organization Olympia Development of Michigan, and real estate development firm Related Companies.

The Detroit Tigers have fired general manager Al Avila after he spent 22 years with the organization and seven years as the GM.

The housing development is moving forward again after encountering $12M+ in higher costs due to the COVID-19 pandemic.

The Ilitch family is expanding its involvement in the casino industry as a hedge fund announced Tuesday the family is expected to buy half of the Ocean Resort Casino, if approved by regulators, according to the Associated Press. The family already owns Motor City Casino in Detroit, along with the Detroit Tigers, Detroit Red Wings and the Little Caesars pizza franchise. The financial investment by the family has not been disclosed, but officials with the Luxor Capital Group LP told the AP a deal has been reached pending approval. It was the only Atlantic City casino not to report an earning decline for the first nine months of 2020, according to the AP. While the terms of the deal are being reviewed by regulators, the Ilitch family has applied for interim approval to own part of the casino.

A New York hedge fund says it's selling as much as half of its ownership of Atlantic City’s Ocean Casino to Detroit's Ilitch family.

click to enlarge Neumann/Smith ArchitectureRendering of the project to renovate six apartments at Cass and Henry near Little Caesars Arena in Detroit. click to enlarge Steve NeavlingThe former Hotel Ansonia 2447 Cass. click to enlarge Steve NeavlingThe vacant Atlanta Apartments at 2467 Cass. The Ilitch organization's long-delayed project to revamp large swaths of vacant and blighted areas surrounding Little Caesars Arena may soon rev back up with plans to renovate six historic apartment buildings in the Cass Corridor.The buildings, four of them vacant, are at Cass and Henry just southwest of the arena and would be a mix of 170 affordable and market-rate rentals. Olympia Development is also renovating the historic, 13-story Eddystone apartment building next to the arena, and it could open as early as next fall.

DETROIT – When you are in the business of entertainment and aren’t allowed to entertain people -- it is a very big problem. Ilitch Holdings announced furloughs and layoffs are coming to staff at Comerica Park, Little Caesars Arena and the Fox Theatre. RELATED: Detroit’s Majestic Theatre Center listed for saleThe layoffs are mostly part-time employees. Ilitch Holdings says it’s lost 200 event dates. Dalto believes it’s going to take another year before the entertainment and hospitality industries start to rebound and even longer for a full rebound.

click to enlarge Steve NeavlingVacant property on the southern side of Little Caesars Arena. click to enlarge Steve NeavlingUndeveloped land at Woodward Avenue and Henry Street. The largely vacant area surrounding the tax-financed Little Caesars Arena in Detroit is the product of broken promises by the Ilitch familys business empire.By now, the area between downtown Detroit and Midtown should be teeming with retails shops, apartments, and a major hotel.The Ilitches Olympia Development of Michigan is asking the city of Detroit for permission to delay until September 2022 a decision on what to do with a block-long piece of vacant property at Woodward Avenue between Henry Street and the I-75 service drive. This is a great example of partnership between developers and the city that directly benefits our residents.Its still unclear when the Ilitch group will redevelop a handful of large vacant apartment buildings at Temple Street and Cass Avenue. The family owns dozens of vacant properties citywide.

As much of the Ilitch-owned property in the lower Cass Corridor is left dormant, a substance abuse treatment and homeless shelter is planning an expansion. In documents submitted to the citys Historic District Commission, the Mariners Inn at 445 Ledyard Street outlined plans for new three- and six-story mixed-use buildings with separate towers on Cass and Ledyard. The buildings would have 44 units of long-term housing and 40 units of recovery housing. None of the existing two-story buildings at the Mariners Inn, built in 1956, will need to be demolished. The addition will allow the Mariners Inn to provide wraparound services, along with long-term housing and recreation, in close proximity to each other.

DETROIT - An iconic building near Little Caesar's Arena was demolished Monday. The former Gold Dollar Bar was destroyed in a fire on July 22. The historic bar on Cass Avenue had been vacant since 2001 and is owned by the Ilitch family. It's the first venue where the White Stripes ever performed. ORIGINAL: Once legendary concert venue Gold Dollar Bar believed to be total loss after fireReport from July 22, 2019 below:Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.