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BlogsCommercial Property Wealth TrainingSilverdome Sells for 10 Cents on the 1975 Dollar!

Posted over 16 years ago

Silverdome Sells for 10 Cents on the 1975 Dollar!

1341The Pontiac (MI) Silverdome - former home of the Detroit Lions - just sold for $583K. That is not a typo …. $583,000

It cost $54M to build in 1975. Just think what that is in today’s dollars !!

 


The Glory Days?

  • Back in 1994 Brazil beat Italy in a world cup game in this building.
  • Michael Jackson, Madonna and Elvis all played there
  • Pope John Paul II, once delivered Mass from the field
  • But the Silverdome’s biggest event was Wrestle Mania III in 1987, when 93,000 fans packed into the stadium to watch Hulk Hogan body-slam Andre the Giant. That was the biggest turnout ever for an indoor sports event.

The Detroit Lions NFL team hasn’t played there since 2002 and the buidling was costing the city of Pontiac $1.5M to keep up.

The new owners are going to host MLS Soccer Games (GO SOUNDERS!)

Here’s the full article.

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