Pistons owner forming joint venture to redevelop Palace area

DETROIT (AP) — Pistons owner Tom Gores and Schostak Brothers & Co. are forming a joint venture to redevelop The Palace of Auburn Hills and its surrounding land and the arena is expected to be demolished.
The Pistons moved from The Palace and begin playing in their new downtown arena in 2017. They are preparing to move remaining team and business operations from The Palace to the new Henry Ford Detroit Pistons Performance Center in Detroit, which is scheduled to be finished this fall.
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