Vinnie Johnson buying the Palace?
Posted: Tue Oct 22, 2024 4:15 pm
Not exactly, but it becoming a Piston Automotive facility feels like keeping it in the family.
https://www.clickondetroit.com/news/local/2024/10/22/construction-plans-unveiled-for-former-palace-of-auburn-hills-site/
Detroit Pistons owner Tom Gores and Schostak Brothers & Co. announced in 2019 the formation of a joint venture to redevelop the former Palace site and surrounding land.
A key focus was transitioning the property in a way that would benefit Auburn Hills, Oakland County, and the surrounding area long term.
The 715,000-square-foot site along I-75 will be operated by Piston Automotive (owned by former Bad Boys member Vinnie Johnson, the nation’s largest minority-owned automotive supplier.
https://www.clickondetroit.com/news/local/2024/10/22/construction-plans-unveiled-for-former-palace-of-auburn-hills-site/