Spending on the new Little Caesar’s Arena, future home to the Detroit Pistons, and the surrounding 50-block District Detroit is nearing $1 billion, with more than 90% of those funds going to Michigan-based businesses.
Total spending is expected to top $1.2 billion after the completion of the new $150-million Little Caesar’s Pizza headquarters, next to the Fox Theatre, and construction of six residential projects that will add 686 units.
This follows billions in investments from Quicken Loans CEO Dan Gilbert, JP Morgan, and others, who have helped turn downtown Detroit into one of the hottest destinations for millennials, start-up entrepreneurs and others in recent years.
