<P> On November 22, 2016, it was officially announced that the Pistons would move to Little Caesars Arena starting with the 2017--18 season . </P> <P> On June 20, 2017, Detroit City Council approved the Pistons' move to Little Caesars Arena . On August 3, 2017, it was announced that the NBA Board of Governors unanimously approved the move, which made it official . This marked the first time since 1974 that all four major sports teams played in the city limits on a regular basis, and the first time since 1978 that the Pistons played in the city of Detroit on a regular basis . </P> <P> It was originally announced that Little Caesars Arena would cost $450 million to construct, on top of an additional $200 million for constructing the new district . $285 million of the total $650 million cost would be public funds, with $365.5 million in private funding . </P> <P> On May 23, 2017, it was revealed that the cost of the new arena had risen to $862.9 million . </P>

Who is paying for the little caesars arena
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