Very interesting tidbit at the very bottom of the article

"Work on the historic Eddystone Hotel will start roughly a year after the arena is finished, as required by a development agreement. Work on the 50-block district is expected to start sometime after the arena, though Wilson didn’t provide details Thursday."

http://www.detroitnews.com/story/bus...sign/94043314/

Finally a bit of an update, although subject to change. I still don't get why they would want to have a hulking blown out eyesore sitting in the shadow of their shiny new arena being splashed all over national television.