Contract Awards to Detroit Businesses Now Top $300 Million

Olympia Development of Michigan nears 60 percent for Detroit business participation, doubling 30 percent goal just a year after start of major construction

Ninety percent of contracts, nearly $500 million in total, awarded to Michigan companies

Commitment to Michigan Made, Detroit Built proves powerful as projected economic impact of The District Detroit tops $2 billion

DETROIT— The Detroit Downtown Development Authority recently approved a number of contracts on behalf of Olympia Development of Michigan for work on the new Little Caesars Arena that raise the total dollars awarded to Detroit-based or -headquartered businesses to $308 million - nearly 60 percent of the total awarded, eclipsing Olympia Development’s 30 percent goal for Detroit business participation by nearly double. Michigan businesses have received $493 million in construction contracts for the project which represents more than 90 percent of total contracts awarded.

“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.”

“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 but 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.”

These contracts represent construction work on the new Little Caesars Arena and adjacent buildings to house new shopping, dining and entertainment in The District Detroit. 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.

“Blaze Contracting is honored to have the opportunity to play a significant role in The District Detroit,” said Kerlin Blaise, co-founder of Blaze Contracting, which is one half of the joint venture, Blaze-Iafrate. “We’re passionate about the city and are thrilled that the work we are doing will have a lasting impact on Detroit and the people who live, work and play here.”

Data released by the University of Michigan demonstrates that The District Detroit will ultimately account for an economic impact of $2.1 billion by 2020 and create 12,500 construction and construction-related jobs and 1,100 permanent jobs. 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.

“We’re proud to be connecting Detroit and Michigan businesses to the opportunities that The District Detroit and Olympia Development of Michigan offer,” said Douglas Diggs of Heritage Development Services. “The District Detroit is a catalyst for putting Detroiters to work, and is a key player in the revitalization of Detroit.”

Companies interested in working on The District Detroit development should visit DistrictDetroit.com/jobs to learn more and register for bid opportunities.

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.

About Olympia Development of Michigan

Olympia Development of Michigan is a Detroit-based full-service real estate company owned by Detroit entrepreneurs Michael and Marian Ilitch. The company is responsible for developing and investing in some of Detroit’s most recognized and visited venues, including the nationally acclaimed Comerica Park, and is leading the development of The District Detroit. Other Ilitch companies in the food, sports and entertainment industries include: Ilitch Holdings, Little Caesars Pizza, Blue Line Foodservice Distribution, the Detroit Red Wings, Olympia Entertainment, Little Caesars Pizza Kit Fundraising Program and Champion Foods. Michael Ilitch owns the Detroit Tigers. Marian Ilitch owns the MotorCity Casino Hotel.

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