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Detroit-based Company Places First Pieces of Steel Structure for New Detroit Arena as Rapid Progress Continues

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The biggest development project in the region is taking another step forward as the first piece of structural steel was set in place. The 41-foot, 4-inch I-beam is part of a $50 million contract awarded to Detroit-based Midwest Steel for more than 9,500 tons of steel. Contracts awarded so far total more than $200 million and a majority, more than $136 million, have gone to Detroit-based or headquartered companies. Olympia Development has made it its goal to award at least 31 percent of contract dollars to Detroit companies.

In addition to the Detroit business participation effort, Olympia has also set a goal of hiring at least 51 percent Detroit residents for the arena construction. That target is being met and exceeded with the current workforce comprised of 54 percent Detroiters.

A streaming webcam showing the construction site is available 24 hours a day, seven days a week at http://www.districtdetroit.com/live-web-cam.

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