12/06/2012 09:29 am ET Updated Feb 05, 2013

New Red Wings Arena In Detroit Ok'd By Michigan Senate

LANSING, MI - A divided Michigan Senate on Wednesday approved fast-tracked legislation that the Ilitch family says is needed for an events center that could house a new Red Wings arena in downtown Detroit.

The proposed mixed-use development would be funded by private investment and existing dollars collected by the city's Downtown Development Authority. No new taxes would be needed to build the development, but lawmakers are passing a bill to allow the DDA to continue to get money for these kinds of developments.

Read more on MLive