The Palace of Auburn Hills has been closed since 2017 and demolition began in December of last year. Much of the arena has already been gutted -- only a roof and supportive structure still remain.
“We promised the people of Auburn Hills and Oakland County that we would find a solution that would be good for the community and make a positive economic impact,” Gores said. “Partnering with a proven, well-respected developer like Schostak Brothers is an important step in delivering on that promise.”
The Palace opened in 1988 and has since influenced the design of arenas built around the country.
The final concert held at The Palace was Bob Seger in Sept. 2017 and the final event at the venue was the Taste of Auburn Hills in Oct. 2017.