How much did a Toronto-based real estate company agree to pay to buy the Pontiac Silverdome?”
The stadium that was once the National Football League’s largest venue (seating capacity: 80,300) is up for auction today. Bidding on the property will close at 4 p.m. And apparently, real estate experts say the Silver dome is a great deal — if you just happen to have millions of dollars burning a hole in your pocket. Built at a cost of $55.7 million, the current owner of the Silver dome — the city of Pontiac — listed the stadium’s book value at a much-depreciated $13.2 million, according to the Detroit Free Press. But naturally, Pontiac officials would like to sell the property for much more. According to TopTenRealEstateDeals.com, the 127-acre site is listed as the third-best real estate deal anywhere in the United States, and best of all, the Silver dome has “plenty of parking and bathrooms for friends.” According to property broker Williams and Williams Commercial Real Estate, the city of Pontiac is hoping to transform w
The company name won’t be released until the final details of the deal are worked out, but a family-owned real estate company from Toronto won the auction for the Pontiac silverdome. The winning bid, $583,000. Auction handlers for Pontiac, Williams and Williams, say auction winners plan to give the dome a facelift and use the space for Major League Soccer and professional women’s soccer teams. And it looks like the Silverdome was being eyed by international potential buyers. Williams and Williams say bidders from around the world were interested in the Silverdome. Four bidders were actually in Monday’s auction. Pontiac’s landmark has been sitting vacant since the Detroit Lions moved to Ford Field in 2002. The dome is a 80,300 seat-stadium and 127 acres. The city of Pontiac built the facility in 1975 for $55.7 million.
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