BACK
IN MARCH AND THE MAN WHO DID IT
WAS SENTENCED TODAY.
>> Karen: THE SIGNS WENT UP
BEFORE IT WAS EVEN ANNOUNCED.
DOWNTOWN DETROIT IS WELCOMING
THE PISTONS HOME.
>> Devin: IT TOPS LOCAL 4 NEWS
AT 6:00 ON THIS TUESDAY.
IT IS NOW OFFICIAL.
DETROIT'S FOUR MAJOR SPORTS
TEAMS WILL ALL BE NEIGHBORS,
JUST A FOUR-BLOCK AREA, IN THE
>> Karen: THE NEWS CONFERENCE
HELD A COUPLE HOURS AGO STARTING
IN THE FALL OF 2017, THE PISTONS
WILL MOVE INTO LITTLE CAESAR'S
ARENA WHICH THEY'LL SHARE WITH
THE RED WINGS UNDER A PATNERSHIP
WITH THE ILITCH ORGANIZATION AND
CORPORATE FACILITY AND
HEADQUARTERS NEARBY.
>> Devin: THE ECONOMIC IMPACT ON
THE CITY OF DETROIT, $6 MILLION,
2100 NEW JOBS.
BROOKS PATTERSON ISSUED A
STATEMENT WISHING THE TEAM WELL
AN ADDED, THANKS FOR THE
MEMORIES.
TONE.
>> WE ARE GONNA LEAVE THE
PALACE, I THINK IT'S THE RIGHT
TIME, AN EXCITING TIME.
BUT I WANT TO ACKNOWLEDGE ALL
THE PEOPLE WHO SUPPORTED THE
PALACE AND THE FANS AND THE
STAFF, THE INCREDIBLE MEMORIES
WE HAVE AT THE PALACE, WE OWN
THOSE.
THOSE DON'T GO ANYWHERE.
>> Devin: AND THAT'S AN
IMPORTANT PART OF THE STORY.
WE TALKED ABOUT THE JUBILATION
IN DETROIT ABOUT THE MOVE
DOWNTOWN BUT UNCERTAINTY LEFT
BEHIND IN AUBURN HILLS.
>> Karen: WHAT WILL TAKE PLACE
AT THE PALACE AND HOW TO KEEP IT
FROM BECOMING A BLIGHTED SIGHT
LIKE THE SILVERDOME.
AND WHY KEEPING IT IS NOT AN
GUY?
>> Guy: TOM GORES ISN'T READY TO
ACKNOWLEDGE THAT YET, BUT LET'S
FACE IT, THIS IS A NEW BABY,
WITH NEW TECHNOLOGY AND THEY
MAKE MORE MONEY.
THE PALACE IS NO LONGER
COMPETITIVE ON THAT FRONT.
BUT TOM GORES NOT WANTING TO
BREAK THE BAD NEWS YET.
>> WE REALLY HAVEN'T SORTED THAT
DEAL.
>> Guy: IT'S THE SECOND OLDEST
BUILDING IN THE NBA AND EVEN
WITH $15 MILLION IN RECENT
UPGRADES, THE COST OF KEEPING
IT, ACCORDING TO INSIDERS, ARE
PROHIBITIVE WITHOUT A MAJOR
FRANCHISE.
THE ODDS OF SURVIVING ABOUT AS
LONG AS A FULL COURT SHOT AND
YET.
ANSWERS YET.
>> Guy: IT COULD TRIPLE THE TEXT
REVENUES AND THE ECONOMY WILL BE
A MAGNET FOR OTHERS.
>> THEY WANT TO LOCATE NEAR
THEIR CUSTOMERS, WAY TOO
VALUABLE TO SET THERE.
>> Guy: BUT THE $10 MILLION TO
$20 MILLION TO DEMOLISH IT
RAISES THE COST TO DEVELOPERS.
THE RACE COURSE IN NORTHVILLE
ARE ALL COMPETING FOR
HEADQUARTERS IN TROY.
>> PRICING IS HIGH AND TRENDING
UPWARD AND VACANCY IS LOW.
IT'S AN OPPORTUNITY.
>> Guy: SO THE FUTURE BRIGHT FOR
AUBURN HILLS, AT LEAST ACCORDING
EXPERTS.
IF IT IS DEMOLISHED, THAT WILL
BE A NET LOSS OF ONE STADIUM
BECAUSE THE JOE IS GOING AWAY AS
SOON AS THIS IS UP AND RUNNING
CONCERTGOERS?
IT DOES NOT MEAN HIGHER TICKET
PRICES BECAUSE THE ACTS AND
PROMOTERS SET THE PRICES BUT IT
COULD MEAN FEWER CONCERTS IN THE
WINTER MONTHS.
LONGER TOURS WILL BE SHIFTING
THEIR DATES TO WARMER TIMES AND
SUMMER VENUES.
WE'RE LIVE FROM THE LITTLE
CAESAR'S ARENA, HOME OF THE
DETROIT PISTONS COME 2017.
GUY GORDON, BACK TO YOU.
>> Devin: THAT'S AN INTERESTING
BERNIE SMILOVITZ WILL BE JOINED
LIVE BY STAN VAN GUNDY.
THE BEST MOMENTS FROM IF THE