June 24, 2019 | Business

Platinum Equity CEO Tom Gores announces redevelopment deal for Palace of Auburn Hills site

Detroit Pistons Owner Tom Gores and Livonia, Mich.-based Schostak Brothers & Company today announced the formation of a joint venture to redevelop the Palace of Auburn Hills and its surrounding land.  Schostak Brothers will serve as the lead partner and manage the future mixed-use development, which is expected to include corporate office, research & development and technology companies.

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