The Daily Docket: Detroit to Tear Down Joe Louis Arena, Give Land to...

The city of Detroit is tearing down the Joe Louis Arena, where the Detroit Red Wings play, and giving the redevelopment efforts to its holdout creditor, The Wall Street Journal reports.

The public bus operator in Santiago, Chile, filed for bankruptcy Thursday with plans to restructure $368 million in debt. Read the Daily Bankruptcy Review article here.

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Espirito Santo’s main holding companies are set to liquidate after a Luxembourg court denied a request for creditor protection, WSJ reports.

Caesars Entertainment Corp.’s operating unit changed a debt document in a move that could pave the way for bankruptcy, Bloomberg reports.

LightSquared lost another $64.8 million in September, bringing Philip Falcone ’s wireless venture’s total losses to more than $1.6 billion since the project filed for bankruptcy protection more than two years ago, DBR reports via WSJ.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.