District Detroit projected to have $2 billion economic impact by 2020
Among the largest sports and entertainment developments of its kind in the country, District Detroit will change the face of 50 city blocks to create a new, walkable destination in the city. At the heart of it all is Little Caesars Arena. It will be home to both the Detroit Red Wings and Detroit Pistons. District Detroit will ultimately unite six theaters, five neighborhoods and three sports venues, while fostering new additions in dining, entertainment and recreational space. It will account for an economic impact of more than $2 billion by 2020 and create 12,500 construction and construction-related jobs and 1,100 permanent jobs, according to Saenz. All part of the project, concrete has been poured for the foundation of the Little Caesar's new headquarters and steel structures are set to be erected on the site. Meanwhile, the Mike Illitch School of Business at Wayne State University is already in progress.