Pistons owner Tom Gores said Tuesday that the time is right for his NBA team to move out of its suburban home and into the city to share Little Caesars Arena with the Red Wings. "This is great for the Detroit Pistons. It is the right call. It's time for us to do it," Gores said. "It is an incredible arena. Every fan will believe it's incredible." Michigan Live
This transition plan includes adjustments to the construction of Little Caesars Arena that will cost taxpayers, through the Downtown Development Authority, an additional $34.5 million. Taxpayers, through the DDA, are already contributing $250 million to construction of the $732 million Little Caesars Arena. Michigan Live
The team begins playing in Detroit in 2017 and will move to a new practice facility in 2018. Michigan Live
With the Tigers, Red Wings and Pistons all downtown for the first time in decades, one more way the teams' owners may seek to join forces — in addition to sharing an arena for hockey and basketball — is combining team media rights through a regional sports network, similar to the New York-based YES Network. Moreover, a network like this could also include new teams, such as a Major League Soccer franchise that Pistons' owner Tom Gores and Quicken Loans CEO Dan Gilbert are seeking to also base in downtown Detroit. "Mostly, the idea is you have a team for each season, so it makes the network more attractive," said Andrew Zimbalist, a professor at Smith College in Massachusetts who specializes in sports economics. "If you only have a baseball team, somebody could subscribe to the network from April to September and then drop it." Detroit Free Press
As a former Detroit resident, I will say happy to hear it. Should create some nice revenue for the city and some extra jobs.
I've read some complaints in that, as mentioned, more tax payer money will be needed than originally estimated because of the transplant costs and parking will be at a very high premium as Detroit doesn't have ample parking as is.
But, growing up and attending my only Detroit games at the Palace, I will say it's sad to hear they are going to demolish it.
Well said, that pretty much sums it up for me too. If I was being selfish, I would say I want them to stay where they are. Only because where I grew up at it was a closer drive for me. But I completely understand the business side and economics of what they are doing. It makes sense.