Joe Louis Arena is a multi-purpose arena located in Detroit, Michigan. It is home of the Detroit Red Wings of the National Hockey League. Completed in 1979 at a cost of $57 million, the venue is named after former heavyweight champion boxer Joe Louis, who grew up in Detroit. Joe Louis Arena is owned by the city of Detroit, and operated by Olympia Entertainment. Joe Louis Arena was also built as a replacement for the Detroit Olympia, where the Detroit Red Wings had played at since 1927.