(No caption)
The Palace
The Pistons are likely to join the other three major league sports teams located in Detroit. So the big question is: What happens to the The Palace of Auburn Hills?
Real estate experts tell Kirk Pinho of Crain's Detroit Business that It makes little sense to leave the 22,000-seat Palace standing without a professional sports team to play in it.
Pinho of Crain's writes:
Instead, the 60 or so acres on which the arena sits could be far better used for development by corporate users, which have been going in droves to Auburn Hills in the last several years to build things like new North American and global headquarters buildings and other facilities.
"Without a major sports team, it goes away," said Larry Emmons, managing director of the Royal Oak office of JLL.
Crain's has reported that the team is in serious discussions about moving forward with a new 60,000-square-foot practice facility in Detroit just north of the Little Caesars Arena for the Detroit Red Wings.
