The Detroit Pistons will explore moving from the suburbs of Auburn Hills into downtown Detroit.
That likely would mean a meeting with Chris Ilitch and Mike Ilitch from Olympia Entertainment, which has launched a $650 million arena and business project.
"We will put Arn in charge of helping us analyze how we can talk to the other business leaders," Tom Gores said. "We are going to charter Arn to study that (moving downtown). It will be one of his first things."
The NHL's Detroit Red Wings are moving into a new arena in 2017 that the Pistons could move into as well.
There is also a less viable option to tear down the half-built Wayne County Jail and build an arena in conjunction with Quicken Loans chairman Dan Gilbert.
Gilbert owns the NBA's Cavaliers, who play in Quicken Loans Arena in downtown Cleveland. He is pushing for Gores to move the Pistons to downtown Detroit.
The team played at Cobo Arena until 1978, when owner Bill Davidson moved the franchise to the Pontiac Silverdome rather than join the Red Wings at Joe Louis Arena. The Pistons also played games at Olympia Stadium just outside of downtown.