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Oakland University negotiating to buy The Palace

Auburn Hills — Last season, the Pistons moved to a new home but hadn’t found a buyer for their previous home, The Palace of Auburn Hills.

They might have one now.

Oakland University is negotiating with Pistons owner Tom Gores’ Platinum Equity to purchase The Palace, a source told The Detroit News on Friday morning. The source requested anonymity because of the sensitive nature of the negotiations.

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The plan would be for the university to continue to utilize The Palace as an athletic facility.