Report: Palace of Auburn Hills sold

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AUBURN HILLS, (WILX) -- According to Crain's Detroit Business, the Palace of Auburn Hills has been sold to Livonia-based real estate firm, Schostak Brothers.

No details on the price or what Schostak Brothers plans to do wiht the Pistons former home were announced.

It had been speculated that the site could become a technology park.

Last fall, it had been reported the Oakland University was in talks to by the site but talks later broke down.