See All News

Detroit Businesses Earn $13 Million in New Contracts for New Detroit Events Center

story-13mil-event-center-contract

Detroit-based and -headquartered businesses will earn more than $13 million from three new contracts for the new Detroit Events Center. The contracts total more than $25 million. They include awards to Detroit-based Midwest Steel in the amount of $7.7 million for pre-cast concrete; Michigan-based Crown Corr, Inc. in the amount of $11.8 million for the arena bowl cladding system, of which, 33 percent will be allocated to Detroit-based or –headquartered companies; and Vector Foiltec, LLC, in the amount of $5.8 million for the Via roofing material, of which, 31 percent will be allocated to Detroit-based or –headquartered companies. The Via is a covered walkway between the concourse and new retail and restaurant development along Woodward Avenue that will be open to the public year round.

“We are seeing the results of our outreach efforts to ensure that Detroit businesses are participating in the economic benefits from this transformative project,” said Steve Marquardt, vice president of Olympia Development of Michigan.

Olympia has set a target of at least 30 percent Detroit-based or -headquartered business participation in constructing the new arena. To date, Detroit businesses have earned $119 million of the $146 million in contracts approved by the Detroit Downtown Development Authority. All contractors and subcontractors have agreed to Olympia’s aggressive goal of 51 percent Detroit resident employment in construction of the events center. Since construction began four months ago, rapid progress has been made on the site which is scheduled to open in September of 2017.

Explore the District