Announcement coming today according to the Freep.
“We’re not just playing our games there,” Tellem said. “We’re moving our offices. Our practice facility development will wind up being in excess of $50 (million) approaching $75 or more million dollars development in the city. A lot of that money will be going to Detroit employees and Detroit firms to do the building.
“We’re going to employ hundreds of people downtown, we’re going to be paying city income taxes where the city is going to get dollars every year. When you talk about the players’ (salaries), that will be significant income. So we’re going to be contributing in a lot of ways and the study we provided that was done by the University of Michigan, the economic impact we will have on the city will be in the hundreds of millions.”
There’s speculation that the Pistons will partner with Henry Ford in the area of sports medicine, a trend in other NBA markets.