A joint venture has been announced that will see the redevelopment of the land where The Palace of Auburn Hills sits.
Pistons owner Tom Gores and Schostak Brothers & Co. will work together to demolish The Palace and redevelop the surrounding land.
Since the Detroit Pistons of the NBA moved to Little Caesars Arena in 2017, staff is 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.
Demolition is still in the planning stages and the exact timing isn't certain but future mixed-use development at the site is expected to include corporate office, research and development and technology companies.