The death of Detroit continues, as the Potiac Silverdome, onetime home of the Detroit Lions, sells for a mere $583,000 to an unidentified Canadian company:
The sale of the Silverdome takes a large financial burden off the hard-hit city of Pontiac, which has fallen on hard times, with budget shortfalls and high unemployment. Earlier this year, GM announced it would close a truck plant, taking about 1,400 jobs from the city.
As a result…Pontiac could ill afford to continue paying $1.5 million in annual upkeep for the stadium. With a private owner, the property “will go back on the tax rolls,” he explained.
The 80,000-seat Silverdome was the biggest stadium in the National Football League when it was built in 1975 for $55.7 million. The stadium, which sits on a 127-acre plot, is also the former home of the National Basketball Association’s Detroit Pistons.
The stadium reached its football zenith in 1982 as the site of Super Bowl XVI, when San Francisco’s 49ers beat the Cincinnati Bengals…
Despite its rich history, the stadium has seen little use since 2002, when the Lions concluded their last season there.