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 hit these targets,” 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.
Olympia Development of Michigan