Red Wings Owe Detroit Cable Debt, Records Show

Detroit — Mayor Dave Bing pledged last week to get tough on the city’s debtors, but he and other mayors have never collected on tens of millions of dollars that could be owed by the owners of the Detroit Red Wings.A little-known provision in Olympia Entertainment’s lease of city-owned Joe Louis Arena and Cobo Arena promises Detroit a 25 percent share of cable television rights for live events. That’s been the deal since 1980, but Detroit hasn’t been able to collect a dime, according to city documents obtained by The Detroit News.Read More…
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Red Wings Owe Detroit Cable Debt, Records Show

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