May 19, 2020

New stadium underway in Detroit, a plus for tourism and local businesses

Little Caesars Arena
Olympia Entertainment
Catherine Rowell
2 min
New stadium underway in Detroit, a plus for tourism and local businesses

A recently signed Memorandum of Understanding will see the Detroit Pistons and Detroit Red Wings National Hockey League move to Little Caesars Arena once construction work is complete. Detroit Downtown Development Authority (DDA) will be contributing over $3 million to ensure the build’s completion before September 2017.

With construction work totalling over $732 billion, architects HOK have provided a sleek multi-purpose design which could house further sports teams in future, incorporating a maximum capacity of approximately 22,000.

Spanning eight storeys, the new stadium will help drive tourism into Detroit, with both the NBA and NHL team situated under one roof and will provide a boost the local economy. The new stadium will create over a thousand new jobs, in addition to over 8,000 construction roles, of which workers will be predominately sourced locally. All building materials for the new stadium will also be sourced locally where possible.

Until the stadium is completed, both sports teams will remain separate. However, once the stadium is completed, the Joe Lewis Arena which houses the NHL will be demolished and remodelled into a hotel complex.

Olympia Entertainment are responsible for the costly project, and have also been responsible for sourcing the trademark for the stadium’s new name, which has cost a reported five figure sum.

The new stadium, named Little Caesars Arena will be shaped into a steep bowl, constructed 40ft below street level, providing exceptional views when spectators look down onto the entertainment venue.

To provide further entertainment value, retail space has also been embedded into the new design, providing increased opportunities to further businesses.

A glass-roofed concourse has been factored into the designs, connecting local businesses to the area, further increasing trade in the area.

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Jun 10, 2021

G7 Summit guide: What it is and what leaders hope to achieve

3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 


Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.


Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 


When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 


Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 


The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 


It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 


Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”


The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 


According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 


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