This from Crains. Is anyone else as shocked as I am to learn the Palace was only paying $174K per year for taxes??? The equivalent of about 30 $200K value houses? If I'm Auburn Hills I'd be offering to help them move.

"Auburn Hills Mayor Kevin McDaniel said Monday night that the city has not been contacted by Pistons officials about the move.

“It’s disappointing for Auburn Hills, but was anticipated,” he said. “The final disposition of the arena [[The Palace), we are interested in finding out what the plans will be. They are unknown. I’m not sure if he [[Gores) plans to demolish it or redevelop the land, but I have every reason to believe Mr. Gores will do what’s right in terms of the arena.”

McDaniel said the value of the properties “far exceeds” the cost to demolish the palace.

“And any R&D park would almost certainly pay more in taxes than is paid today,” which is about $174,000 per year, McDaniel said."

http://www.crainsdetroit.com/article...rning-20161122