<Tr> <Th_colspan="2"> Tenants </Th> </Tr> <Tr> <Td_colspan="2"> Detroit Red Wings (NHL) (2017--present) Detroit Pistons (NBA) (2017--present) </Td> </Tr> <P> Little Caesars Arena is a multi-purpose arena in Midtown Detroit . Construction began on April 24, 2015, following a formal groundbreaking ceremony on September 25, 2014 . Opened on September 5, 2017, the arena, which cost $862.9 million to construct, succeeded both Joe Louis Arena and The Palace of Auburn Hills as the homes of the Detroit Red Wings of the National Hockey League (NHL) and the Detroit Pistons of the National Basketball Association (NBA), respectively . </P> <P> The arena features a unique, glass - roofed concourse connecting it to offices and shops surrounding it . It anchors a new $2.1 billion 650,000 - square - foot (60,000 m) sports and entertainment district in and around downtown Detroit that will include mixed - use neighborhoods with new residential and retail outlets located around the Cass Corridor, Ford Field, and Comerica Park . </P>

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