DETROIT, MI - News is out about a $650 million Detroit Red Wings arena and entertainment complex, and now it's time for more speculation.

Details of a proposed 18,000-seat arena and accompanying entertainment district were revealed Wednesday, but there are still plenty more to be finalized.

First off, there's no architect plan out yet or renderings of this unnamed arena.

And it's unclear when such a development could break ground, how quickly it could be paid for, what types of businesses could be part of it and when it could host its first event.

While we all try to get more details, check out MLive Detroit's list below of 10 areas near the proposed development that could benefit from the project.

The development would be funded with a mix of $365.5 million in private investment and an estimated public investment of $284.5 million.

The entire district encompasses a 45-block area roughly bordered by Charlotte Street to the north, Grand River to the west, Grand Circus Park to the south and Woodward Avenue to east.

(Click image to see the larger version of this panoramic photograph) The actual 650,000-square-foot arena would be located on Woodward Avenue from Sproat to Henry Street, and west to Park Avenue. (Tanya Moutzalias | MLive.com)

Several parcels of land and properties in that area have been purchased in recent years to make way for the development, including the Detroit Veterans Center.

Once you check out the list below, share your thoughts in our comments section.

1. Brewster-Douglass Housing Projects site

Located near the Chrysler Freeway, Mack Avenue and St. Antoine Street, and just north of Ford Field, this blighted area is slated for demolition sometime this year. It's arguably the most dangerous area downtown with no redevelopment plan that's been revealed to the public. The proposed arena and entertainment complex would be just northwest of this area.

2. Brush Park

This historic neighborhood north of Ford Field and Comerica park is just east of Woodward Avenue the proposed development site and has incredible potential. Several sharp condo developments are here and some nice historic rehabilitation work on apartment buildings and homes, but it's still very rough around the edges. Increased foot traffic and and more retail could spur plenty of residential development.

3. The Masonic Temple, 500 Temple St.

Jack White's $142,000 decision to save this historic building from foreclosure could end up being a very wise investment. This multi-purpose Detroit gem could benefit big-time from increased investment and foot traffic to the area. It practically overlooks the entire proposed arena and entertainment complex site and a flew blocks away from a stop along the proposed M-1 Rail project.

4. Cass Park, Second Avenue and Temple Street

This patch of green space just south of the Masonic Temple and north of Detroit Cass Tech High School is part of a district that was listed on the National Register of Historic Places in 2005 and could use a facelift. Increased investment in the area could turn it into a nice meeting place before or after events at the arena/entertainment complex. The park and surrounding area, in its current state, don't appear inviting to out-of-town visitors and families.

5. Cass Tech High School, 2501 Second Ave.

Being a stone's throw from an NHL arena and entertainment complex could give one of the city's best schools an incredible boost. Think of the partnerships and programs that could be created with the Detroit Public Schools, the Mike Ilitch-owned Detroit Red Wings, Olympia Entertainment and other entities. Any kind of development would be good PR for this school, a place for some of the the city's most gifted and talented students.

6. Temple Bar, 2906 Cass Ave.

It's small and dingy, but could make a killing as a destination spot - if its owner decides to keep it. Most of the area around the bar was "mysteriously bought up" back in 2010, according to The Detroit News' Louis Aguilar. Who wouldn't want to go visit a Detroit original before, during or after a Detroit Red Wings game?

7. Harry's Detroit Bar, 2482 Clifford St.

See the Temple Bar entry above; same deal. This place, though, would be even closer to the action and already gets plenty of business because it's a few blocks away from Comerica Park, the Fox Theatre, the Fillmore Detroit and other attractions. This is another Detroit original that appears to be in it for the long haul. The owner, Harry Kefalonitis, told me in December he refuses to sell the business.

8. Source Apparel, 2959 Woodward Ave.

This clothing store has been holding it down for years and is one of the only places downtown that specializes in urban fashion. If the business stays open, it could get some much-needed business and could possibly change to something different to better suit the area. It's on a block that also includes a veterans center that makes money selling spots for Detroit Tigers gameday parking.

9. Former Atlas Global Bistro site, 3111 Woodward Ave.

A high-end restaurant could definitely make at this location if the arena and entertainment complex plans come to fruition. Atlas recently closed and left a space that appears ready to go. The historic building includes several apartment units, too.

10. Bookies Bar & Grille, 2208 Cass Ave.

See the Temple Bar and Harry's Detroit entries; same deal here, too. The owners made a smart move several years ago and moved off Washington Boulevard to the Cass Avenue spot and will likely gain plenty of business if the arena and complex are built. The bar is currently surrounded by parking lots owned by Olympia Entertainment, the company owned by Mike Ilitch.