Authority OKs Detroit sports arena management deal

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Authority OKs deal: A management deal for a planned sports arena and entertainment complex just outside downtown Detroit also says the state will pay for the demolition of aging Joe Louis Arena.

The Detroit Downtown Development Authority approved the deal Friday with Olympia Development.

The state says it will tear down the 32-year-old Joe Louis Arena after the NHL's Red Wings move to the new complex. Olympia Development is owned by the Ilitch family, which also owns the hockey team.

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