DETROIT (WXYZ) — The Detroit Medical Center has announced it "will not move forward with plans" to join a $70 million development near Little Caesars Arena in Detroit.
Olympia Development of Michigan and DMC announced the 20-year agreement to build and operate an innovative, state-of-the-art 50,000-square-foot sports medicine facility adjacent to Little Caesars Arena 2 back in June 2018.
The $70 million building would replace a former surface parking lot at Sproat Street and will bring four floors of Class A office space and 17,000 square feet of street-level retail to The District Detroit, according to officials.
Read the full statement below:
The last several months have brought about unprecedented change for the health care industry. Stay-at-home orders and restrictions prohibiting elective procedures caused hospitals everywhere to reevaluate their core services.
The Detroit Medical Center is committed to ensuring full preparedness for both the pandemic and the ongoing needs of our local community’s health care needs.
After careful consideration, we have made the decision to focus on our core mission and the DMC will not move forward with plans to lease space for a sports medicine institute. Our decision allows us to reallocate resources appropriately in this changing environment.
We appreciate the efforts of Olympia Development of Michigan and value our relationship with the organization. We have come to this decision in cooperation with them and we appreciate their support for the DMC’s core mission.
The DMC will continue to provide outstanding medical care and training for athletes in its existing facilities. Services are provided at Rehabilitation Institute of Michigan’s outpatient therapy sites across the region and the DMC Sports Performance clinic site in Pontiac in addition to the extensive array of orthopedic care options available through the DMC network.