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Live blog: Funds for Pistons not coming from general fund

The Pistons, in a joint press conference Tuesday with Ilitch Holdings, have officially announced their return to downtown Detroit. The Pistons’ home will be Little Caesars Arena, which they will share with the Detroit Red Wings.

Notes from Pistons press conference:

  • NBA Commissioner Adam Silver is in attendance.
  • Cleveland Cavaliers owner, CEO of Quicken Loans and Detroit renaissance man Dan Gilbert tweeted this: The Detroit Pistons moving back to downtown Detroit is outstanding news. All 30 NBA teams will now be located in or nearby the urban cores of the cities they represent. This move makes sense for everyone involved: the Illitches, Tom Gores, and most important of all, the entire city of Detroit and entertainment districts in the world.