The Palace (Deadline Detroit photo)
The Palace (Deadline Detroit photo)
Is there anything sadder than an abandoned temple of sports? (And also concerts, true.)
If you feel that way, good news: The Palace of Auburn Hills appears to have found a new owner, according to Crain's Detroit Business. Schostak Bros. & Co. is under contract to buy the place. The plans are to tear down the buildings and redevelop the site for "office and tech buildings."
Sounds less exciting than hosting arena-size shows and basketball games that turn ugly, but better than a structure standing empty for years and years, as happened with the Pontiac Silverdome. Crain's Kirk Pinho:
It's not known how much the prominent Livonia-based real estate development company is paying for the more than 100 acres that houses the 22,076-seat former home of the Detroit Pistons.
...It's also not known when demolition would begin or who would be responsible for paying for it. A timeframe for completion of the deal is also unknown.
Wednesday is the two-year anniversary of the last Pistons game at The Palace, whose property in 2017 was rezoned as a technology and research district in advance of the team's move to Little Caesars Arena in Detroit that was announced in November 2016.
