In this Feb. 14, 2012 file photo The Detroit Red Wings play the Dallas Stars in an NHL hockey game at Joe Louis Arena in Detroit. In a deal disclosed Thursday, Oct. 16, 2014, Detroit has agreed to demolish Joe Louis Arena, the home of the Detroit Red Wings, and give the land to a creditor as part of a major settlement in the city's bankruptcy case. The Red Wings already are planning to move to a new arena. (AP Photo/Paul Sancya, File)

DETROIT (AP) — The city of Detroit, with financial help from the state, plans to demolish the home of the Detroit Red Wings and give the land to a creditor for development as part of a major settlement in the city’s bankruptcy case, lawyers said Thursday.

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