History
From 1957 to 1978, the Pistons competed in Detroit's Olympia Stadium and Cobo Arena. In 1978, owner Bill Davidson elected not to share the new Joe Louis Arena with the Detroit Red Wings, and instead chose to relocate the team to the Pontiac Silverdome, a venue constructed for football, where it remained for the next decade. While the Silverdome could accommodate massive crowds, it offered substandard sight lines for basketball viewing. A group led by Davidson bought vacant land in Auburn Hills from Joseph Shewach and built The Palace there for the relatively low cost of $70 million, using entirely private funding. The Davidson family held a controlling interest in the arena until Tom Gores purchased majority share in 2011.
Read more about this topic: The Palace Of Auburn Hills
Famous quotes containing the word history:
“They are a sort of post-house,where the Fates
Change horses, making history change its tune,
Then spur away o’er empires and o’er states,
Leaving at last not much besides chronology,
Excepting the post-obits of theology.”
—George Gordon Noel Byron (1788–1824)
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“Indeed, the Englishman’s history of New England commences only when it ceases to be New France.”
—Henry David Thoreau (1817–1862)