Yes most of the upper echelon of Penske brass live in the area of Telegraph and Long Lake Road. You also have to remember the reason Mr. Penske is in Bloomfield Hills is the close proximity to Oakland International Airport where he keeps his planes. Unless City Airport expands its runways, I don't believe they can accommodate Mr. Penske's needs. He has around 200 employees at his HQ in Bloomfield counting administrative assistants, secretaries to janitors.