Oakland U. Negotiating To Buy The Palace?

Detroit newspapers are reporting that Oakland University is in serious talks to purchase the Palace from its owner, Tom Gores. The Palace has been empty since a Bob Seger concert in 2017, the same year the Detroit Pistons played their final home games in the 20,000 seat building. The Palace was privately builit in 1988 for $90 million. Oakland University reportedly would use the building for various school functions.

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