Detroit City Council votes 7-2 in favor of $34.5 million in bonds for Pistons move | Crain's Detroit Business

Detroit City Council votes 7-2 in favor of $34.5 million in bonds for Pistons move | Crain's Detroit Business:
"The Detroit City Council voted 7-2 Tuesday in favor of $34.5 million in bonds to modify the new Little Caesars Arena to accommodate the Detroit Pistons' move back downtown after a 40-year suburban hiatus.

Detroit's Downtown Development Authority needed City Council's approving of increasing a $250 million tax-increment financing deal the city forged with the owners of the Detroit Red Wings in 2013 to help finance construction of the new arena along Woodward Avenue.
...Castaneda-Lopez cited concerns about how the bonds would be used to make modifications to accommodate the Pistons playing at Little Caesars Arena this fall.
She cited one such modification: $220,000 for "beer cooler relocation."
...The DDA will capture 18-mill nonhomestead operating millage for Detroit Public Schools from downtown businesses to use to pay for the new bonds for Little Caesars Arena..."