DETROIT, April 27 (Reuters) - Two professional basketball team owners on Wednesday announced a $1 billion investment plan to attract a Major League Soccer franchise to downtown Detroit in a move they said would help revitalize the city.
Dan Gilbert, the owner of the National Basketball Association's Cleveland Cavaliers, and Tom Gores, who owns the Detroit Pistons, proposed a 20,000-seat stadium on 15-acres that includes the site of the halted Wayne County jail, according to a spokeswoman for Gilbert and a statement.
The proposal includes plans for fitness facilities, an office tower, covered parking, a residential tower, open and covered plazas, a hotel, restaurants and retail, the statement said.