Saying they tried but they couldn’t make it profitable, the Ilitch family announced Tuesday they will not renew a deal to run the entertainment at Detroit’s Masonic Temple.
“This was an extremely difficult decision and it is our hope that this Detroit treasure will find the right solution to continue to serve our region,” read a statement by officials at the Ilitch family’s Olympia Entertainment.
The statement added that they invested millions into the Temple, and paid off old debt, but could not make it work in the current economic climate.
“We stepped into a very difficult situation and did our best, but unfortunately the business climate did not support continuation of the agreement,” the statement read.
The Masons are vowing to continue to run shows out of the Temple themselves after Olympia pulls out next April.
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