Detroit council votes today on arena deal; Red Wings Owner to get land for $1

The Detroit Free Press reports:

After weeks of debate and public meetings, the Detroit City Council is expected to decide today whether it will transfer land along the desolate streets of the Cass Corridor for the Red Wings’ new $650-million arena district.

The proposed deal — 39 vacant parcels just north of downtown for $1 — would be the city’s chief contribution to the proposed arena, a joint venture between companies controlled by Red Wings owner Mike Ilitch and the Detroit Downtown Development Authority, an agency which promotes development with tax breaks and other incentives.

Here's crony capitalism at its' best. Why should the rich get a hand out from the taxpayers (from a city that just went bankrupt) ??? Here's the all Democrat party of Detroit helping the 1% unfairly. Why can't the land be sold at the impartial market rate??? Why??