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Opportunity Made Real – The District Detroit Marks $300 Million in Contracts to Detroit Businesses

Construction of the new Little Caesars Arena in The District Detroit reached an incredible milestone recently as more than $300 million in contracts have been awarded to Detroit-based businesses and nearly $500 million have been awarded to Michigan businesses.

Just one year after breaking ground on the arena and launching The District Detroit, the project is exceeding an aggressive goal of awarding 30-percent of contracts to Detroit businesses by nearly double.

More than 70 Detroit-based companies have received contracts to date as part of the project, including major awards to Motor City Electric, Adamo Group, Midwest Steel, Tooles Contracting Group, Ram Construction, Blaze Iafrate JV, ChristenDETROIT and others. These contracts represent work on the new Little Caesars Arena and adjacent properties, including new mixed-use buildings, shopping and entertainment areas.

“From day one we committed to create real and significant business opportunities for local companies and their workforces through a Michigan Made, Detroit Built development,” said Steve Marquardt, vice president of Olympia Development of Michigan. “Just one year after breaking ground on The District Detroit and the arena project we’ve already awarded more than $300 million to Detroit-based businesses and nearly $500 million to Michigan businesses. This is a significant milestone for our project and is just the beginning. As more developments come on line, so will more business opportunities.”

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More than 450 men and women are at work on the jobsite at any given time—while Detroit residents account for more than 130,000 hours worked, making a tremendous impact on the local economy. More than $100 million in income from the arena project alone is expected for Detroit residents, with significant additional income to be created through future private development.

“This shows that Olympia Development of Michigan is a partner that is committed and that they are working closely with the Detroit Economic Growth Corporation, the City of Detroit and others to not just hit these targets, but to blow them out of the water, and it is a tremendous accomplishment,” said Rod Miller, President of the Detroit Economic Growth Corporation. “It also shows that Detroit businesses know how to get the job done and they know how to do it well.”

Data released by the University of Michigan demonstrates that The District Detroit will ultimately account for an impact of more than $2 billion by 2020 and create 12,500 construction and construction-related jobs and 1,100 permanent jobs.

About The District Detroit

The District Detroit will be made up of a dynamic mix of sports and entertainment venues, including six world-class theatres and three professional sports venues – home to the Detroit Red Wings, the Detroit Tigers and the Detroit Lions. The District Detroit will also feature retail and residential developments, offices and hotels that connect these venues into one contiguous, walkable area, where families, sports fans, entrepreneurs, job seekers, entertainment lovers and others who crave a vibrant urban setting can connect with each other and the city they love. A Michigan Made, Detroit Built project, The District Detroit continues to transform lives by bringing jobs and opportunity to people and businesses across the city, region and state.

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