Bought at auction for $583,000 from City of Pontiac.
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.
I think the Canadians paid too much.
$55M vs. $500,000? not bad, less than 1% of the total build costs 🙂
Wow.
Location, location, location.
It’s kinda like the country of Nigeria. They bought the best house in the neighborhood, but the neighborhood is a shithole.
With all the acreage, I’d be inclined to rent/use the parking lots as storage, but there’s no incoming freight in the area nor anyone who needs to store conex boxes.
Regards,
Rabbit.