Abandoned Pontiac Silverdome by Derek Farr
The Detroit News reports that the long-shuttered Pontiac Silverdome has been sold for a mere $583,000 as the home for a soccer league. However, with a cost over $55 million to construct:
"This was a giveaway," said David J. Leitch, a broker with an Auburn Hills based realty firm.
"The property alone, at $10,000 an acre, should have gone for more than that. And you have the Silverdome, its contents, and the infrastructure already in place. I had estimated it would probably go for between $1.2 million and $3 million. I can't believe it."
Such sentiments weren't uncommon Monday, after city officials unsealed bids showing the property that was home to the Detroit Lions was sold at auction to an unnamed Canadian company that plans to bring a soccer league to the stadium. The company's name will be released when the sale is finalized within 45 days, said Fred Leeb, the city's emergency financial manager. Leeb acknowledged the sale "is not a windfall," but said the Silverdome's $1.5 million upkeep drained the beleaguered city's finances.
Go to about 1:20 in the video to get past the auction promo. Much more about the Pontiac Silverdome on Michigan in Pictures!
3 Comments
well first time U2 had a stadium show was april 30th 1987 at the silverdome good ground breaking history!!
guess the silverdome will take on a new perception
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I am a promoter.I can't find the Phone# number for the pontiac silver dome.
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That guy in the video sure knew his stuff on that place,I went to the truck show and it sure did not look as good as the video did they sure have alot of problems before they should have opened..Still love that place but what a heap its in right now.Are the owners going to fix it or try doing it as they go along the people dont want to come to a half crap place.
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