Football Pontiac Silverdome sells for $583,000

**Saulbadguy** · 11-17-2009, 07:59 PM

Sorry if repost:

http://money.cnn.com/2009/11/17/news...uyer/index.htm

NEW YORK (CNNMoney.com) -- An unidentified Canadian real estate company was the winning bidder for the Silverdome, snatching it up for a mere fraction of its original value.

A Toronto-based family-owned company bid $583,000 for the under-used stadium on Monday, which is currently owned by the City of Pontiac, Mich., according to auctioneer Williams & Williams.

The company plans to refurbish the Silverdome into a stadium for men's Major League Soccer and women's professional soccer teams, said the auctioneer. While the stadium was the former home of the National Foodball League's Detroit Lions, it also played host to the World Cup in 1994, when Brazil beat Italy in a knuckle-biter that ended in a penalty shootout.

The auctioneer Williams & Williams, based in Tulsa, Okla., said it will not identify the buyer "until the final details are worked out and the sale closes."

"The Silverdome will now be in the hands of professionals who can devote their time to transform this high-profile property into a vital asset instead of enabling it to continue to languish as an empty facility," said Fred Leeb, the emergency financial planner for Pontiac, in a press release.

**Bugeater** · 11-17-2009, 08:10 PM

National Foodball League?

Fairplay · 11-17-2009, 08:12 PM

Sounds like a steal.

Even if it was torn down for the metal if would be worth more then that easily.

Goldmember · 11-17-2009, 09:40 PM

Quote:

Originally Posted by Fairplay

Sounds like a steal.

Even if it was torn down for the metal if would be worth more then that easily.

The locals already stole all the precious metals, like copper piping

Fairplay · 11-17-2009, 09:46 PM

That reminds me of an Eminem video and the old Detroit tiger stadium was being torn down while he was singing his song.

**Bugeater** · 11-17-2009, 08:17 PM

They should've used it for a new unemployment office.

**fan4ever** · 05-02-2014, 10:03 AM

Quote:

Originally Posted by Bugeater

They should've used it for a new unemployment office.

boogblaster · 11-17-2009, 08:22 PM

Taxes will eat them ............

**Rain Man** · 11-17-2009, 09:27 PM

Wow, that's an amazing price. If I lived in Detroit, I might've sold my home and bought the Silverdome to live in. That would be so cool.

Can you imagine that? You could barbecue in the yard even when it was cold out. You'd get your other meals at the concession stands. You'd watch TV on the ultra-big screen. Need a quiet place to read? Go up to the nosebleed seats. 100 bathrooms. Your own luxury boxes for when company arrives.

Dang, I would've wanted that place.

RJ · 11-17-2009, 10:31 PM

Quote:

Originally Posted by Rain Man

Wow, that's an amazing price. If I lived in Detroit, I might've sold my home and bought the Silverdome to live in. That would be so cool.

Can you imagine that? You could barbecue in the yard even when it was cold out. You'd get your other meals at the concession stands. You'd watch TV on the ultra-big screen. Need a quiet place to read? Go up to the nosebleed seats. 100 bathrooms. Your own luxury boxes for when company arrives.

Dang, I would've wanted that place.

Yeah, but the utility bills and lawn maintenance would eat you alive. And if you got hungry, you'd have to have to wait for a hot dog vendor to come around. And if you wake up in the middle of the night and have to take a leak you'd have a really long walk to the bathroom.

On a plus note, the parking would be great.

**Rain Man** · 11-17-2009, 11:27 PM

Quote:

Originally Posted by RJ

Yeah, but the utility bills and lawn maintenance would eat you alive. And if you got hungry, you'd have to have to wait for a hot dog vendor to come around. And if you wake up in the middle of the night and have to take a leak you'd have a really long walk to the bathroom.

On a plus note, the parking would be great.

Well, I'd put a ceiling fan in to blow the warm air down in the winter.

RJ · 11-18-2009, 09:25 AM

Quote:

Originally Posted by Rain Man

Well, I'd put a ceiling fan in to blow the warm air down in the winter.

I had considered buying it until my wife told me she would want to remodel the bathrooms.

kepp · 11-18-2009, 08:21 AM

Quote:

Originally Posted by Rain Man

Wow, that's an amazing price. If I lived in Detroit, I might've sold my home and bought the Silverdome to live in. That would be so cool.

Can you imagine that? You could barbecue in the yard even when it was cold out. You'd get your other meals at the concession stands. You'd watch TV on the ultra-big screen. Need a quiet place to read? Go up to the nosebleed seats. 100 bathrooms. Your own luxury boxes for when company arrives.

Dang, I would've wanted that place.

I heard it's haunted though.

dtebbe · 11-18-2009, 09:13 AM

Quote:

Originally Posted by Rain Man

Wow, that's an amazing price. If I lived in Detroit, I might've sold my home and bought the Silverdome to live in. That would be so cool.

Can you imagine that? You could barbecue in the yard even when it was cold out. You'd get your other meals at the concession stands. You'd watch TV on the ultra-big screen. Need a quiet place to read? Go up to the nosebleed seats. 100 bathrooms. Your own luxury boxes for when company arrives.

Dang, I would've wanted that place.

Did you miss the part about the $1.5M annual maintenance bill?

DT

11-17-2009, 07:59 PM	Topic Starter
Saulbadguy When a nightmare becomes real Join Date: Nov 2003 Casino cash: $2106966	Pontiac Silverdome sells for $583,000 Sorry if repost: http://money.cnn.com/2009/11/17/news...uyer/index.htm NEW YORK (CNNMoney.com) -- An unidentified Canadian real estate company was the winning bidder for the Silverdome, snatching it up for a mere fraction of its original value. A Toronto-based family-owned company bid $583,000 for the under-used stadium on Monday, which is currently owned by the City of Pontiac, Mich., according to auctioneer Williams & Williams. The company plans to refurbish the Silverdome into a stadium for men's Major League Soccer and women's professional soccer teams, said the auctioneer. While the stadium was the former home of the National Foodball League's Detroit Lions, it also played host to the World Cup in 1994, when Brazil beat Italy in a knuckle-biter that ended in a penalty shootout. The auctioneer Williams & Williams, based in Tulsa, Okla., said it will not identify the buyer "until the final details are worked out and the sale closes." "The Silverdome will now be in the hands of professionals who can devote their time to transform this high-profile property into a vital asset instead of enabling it to continue to languish as an empty facility," said Fred Leeb, the emergency financial planner for Pontiac, in a press release.
Posts: 46,974

11-17-2009, 08:10 PM	#2
Bugeater The Maintenance Guy Join Date: Sep 2005 Location: Renovated Bugeater Estate Casino cash: $6232680	National Foodball League?
Posts: 70,443

11-17-2009, 08:12 PM	#3
Fairplay A certain set of skills Join Date: Dec 2003 Location: texas Casino cash: $10026683 VARSITY	Sounds like a steal. Even if it was torn down for the metal if would be worth more then that easily.
Posts: 25,265

11-17-2009, 09:46 PM	#5
Fairplay A certain set of skills Join Date: Dec 2003 Location: texas Casino cash: $10026683 VARSITY	That reminds me of an Eminem video and the old Detroit tiger stadium was being torn down while he was singing his song.
Posts: 25,265

11-17-2009, 08:17 PM	#6
Bugeater The Maintenance Guy Join Date: Sep 2005 Location: Renovated Bugeater Estate Casino cash: $6232680	They should've used it for a new unemployment office.
Posts: 70,443

11-17-2009, 08:22 PM	#9
boogblaster MVP Join Date: Sep 2005 Location: Verdigris Valley Campsite Casino cash: $10004900	Taxes will eat them ............ __________________ WR or S please
Posts: 10,305

11-17-2009, 09:27 PM	#10
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $2768491 VARSITY	Wow, that's an amazing price. If I lived in Detroit, I might've sold my home and bought the Silverdome to live in. That would be so cool. Can you imagine that? You could barbecue in the yard even when it was cold out. You'd get your other meals at the concession stands. You'd watch TV on the ultra-big screen. Need a quiet place to read? Go up to the nosebleed seats. 100 bathrooms. Your own luxury boxes for when company arrives. Dang, I would've wanted that place. __________________ I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,868