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Topic - Little Caesars Arena

Little Caesars Arena is a multi-purpose arena under construction in midtown Detroit. Construction began on April 24, 2015 following a formal groundbreaking ceremony on September 25, 2014. Scheduled to open in September 2017, the arena, which will cost $732.6 million to construct, will succeed both Joe Louis Arena and The Palace of Auburn Hills as the homes of the Detroit Red Wings of the National Hockey League (NHL) and the Detroit Pistons of the National Basketball Association (NBA), respectively. - Source: Wikipedia

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FILE – In this Nov. 22, 2016, file photo, Detroit Pistons signs hang outside Little Caesars Arena, future home of the basketball team and the Detroit Red Wings hockey team in Detroit. Rollout of the Government Accounting Standards Board's reporting rules for economic development tax breaks has not been without hiccups, with the nonprofit board issuing an April 2017 clarification about tax increment financing, or TIF, districts. The mechanism was used to develop Little Caesars Arena and other projects nationwide. (AP Photo/Paul Sancya, File)