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Pistons to Move to Downtown Detroit

DETROIT – Detroit Pistons Owner Tom Gores, Ilitch Holdings, Inc. President and CEO Christopher Ilitch and Detroit Mayor Mike Duggan announced today agreements under which the Pistons will move to downtown Detroit and begin playing at the new Little Caesars Arena starting next season.

The move will include construction of a new state-of-the-art Pistons practice facility and corporate headquarters that will bring substantial new investment and economic activity to the city, and a comprehensive community benefits plan that will bring millions of dollars more into Detroit neighborhoods.

"This is a historic day for our franchise, and for the City of Detroit," Mr.