Ilitches Pull Out Of Masonic Temple

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.

 (Copyright 2010 WWJ Radio. All Rights Reserved.)

Comments

One Comment

  1. VINCE D. says:

    THE ILLITCHES WANT TO CONTROL ONLY VERY PROFITABLE VENTURES, OR THOSE SUBSIDIZED BY DETROIT’S CITIZENS AS WITH COMERICA PARK, AND A FUTURE HOCKEY ARENA WHERE THEY PERSONALLY WILL REAP MILLIONS ON THE SALE OF ALL THE PROPERTY THEY HAVE ACQUIRED AROUND AND BEHIND FOX THEATER

  2. Unkown says:

    What happens to people who have weddings booked for 2011 that were booked after the Illitch ended the least at the end of March. People were not told at the time of bookings about this.

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