Ilitch Snapping Up Additional Properties Near New Arena

The Ilitch family continues to gobble up more property around the site of the new hockey arena.

Louis Aguilar of the Detroit News reports that owners of the Detroit Red Wings and a holding firm used to buy other properties are gobbling up parking lots and buildings around the Masonic Temple, two blocks from the hockey arena.

Aguilar writes:

It’s the latest in the street-by-street land grab in the Cass Corridor, where once-unheard-of prices are being paid for properties yet to be developed.

The focus this time is near historic Cass Park and the Masonic Temple, the Gothic beauty that is the fraternal organization’s largest temple in the world. It has struggled for years as the surrounding neighborhood declined.