AUBURN HILLS, MI (CelebrityAccess) — Following months of uncertainty, the operators of the Palace of Auburn Hills announced that the venue would be closing for good following Bob Seger's concert on Sept. 23rd.
In addition to the Seger show, just two other events remain on the schedule for the Palace — Tim McGraw and Faith hIll on Sept. 9th and a bridal expo on Sept. 10th.
The closure follows the news that the Detroit Pistons, a tenant of the Palace since it opened in 1988, had finalized a lease agreement with the newly-opened Little Caesars Arena in Detroit.
At the same time, the Pistons signed a joint uniting Palace Sports & Entertainment and Olympia Entertainment that included a clause blocking the Palace from competing with Littl Caesars arena for bookings, the Detroit Free Press reported.
The Palace property is likely to be sold and redeveloped into a high-tech research park but the timeline for any such demolition is unclear. The Pistons practice facility is located adjacent to the arena and may be needed for another two seasons while a new practice facility is built near Little Caesars Arena,, the Free Press said.