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Old 02-10-2017, 05:42 PM   #1
shark
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Default Tigers, Red Wings owner and pizza titan Mike Ilitch dead at 87

Mike Ilitch rose from a humble west-side neighborhood to assemble a food, sports and entertainment empire that enabled him to return the Stanley Cup to Hockeytown, build both a new arena and a ballpark with a Ferris wheel, restore the grandeur of downtown’s iconic Fox Theatre and introduce metro Detroit to the concepts of “pizza-pizza” and an $8 cup of beer.
From his first Little Caesars outlet in Garden City strip mall in 1959 — where a pizza cost $2.39 — Ilitch, aided at every step by Marian, his wife of 61 years, became a major metro Detroit personality and a key figure in the revival of downtown Detroit. In addition to founding the Little Caesars pizza chain, he owned the Red Wings, Tigers and the Fox Theatre, and operated city-owned Joe Louis, Cobo, and Little Caesars arenas, among other smaller businesses, teams and restaurants.
Ilitch, one of the most famous Detroiters of his time, has dead at the age of 87.
Success brought Ilitch and his family fabulous wealth. The 2016 Forbes magazine compilation of the 400 richest Americans listed Mike and Marian Ilitch at No. 88 with a net worth of $5.4 billion. In addition, Marian Ilitch is the sole owner of the Motor City Casino.
But perhaps more important to Ilitch were a different set of statistics: four Stanley Cup championships for his Red Wings, two trips to the World Series for his Detroit Tigers, and a vast number of trophies for team and individual player achievements.




http://www.freep.com/story/money/bus...rbes/91475642/
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