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The Silverdome has been a disaster and a empty tomb for years, after the Lions and Pistons moved out.
Heating the place cost a fortune - it's terrible for concerts (only place worst is Montreal's Olympic) and was designed for only one thing - (american) pro-football. They even tried turning the parking lot into a drive-in theater.......
Pontiac doesn't have any money (and they havent for years - even with the Dome in use). They had a chance to sell it for more a few years ago, but they thought they might get more.........or the deal fell apart (I don't remember)
But, then again, I think those that think it will be successful as a soccer venue, might be re-selling it in a short while.
A sign of decadence coming to a screeching halt. These big ticket sports stadiums are the first to fall and fall hard in price they do. Notice the buyer was Canadian.
A sign of decadence coming to a screeching halt. These big ticket sports stadiums are the first to fall and fall hard in price they do. Notice the buyer was Canadian.
The Lions have Ford Field. Not to belittle the commercial real estate situation. But I don't think it's uncommon for a city to "dump" obsolete facilities or buildings to private investors. Yes, I noticed the new owners are Canadian. God Bless them.
Not sure what this speaks to more, depressed commercial real estate of buildings that had no true market value to begin with seeing how there ain't a whole lot of demand for mega sports stadiums to begin with which is why professional sports owners never build them themselves but instead expect cities and states to socialize the construction cost at the expense of taxpayers.
Oh, I believe that I am. I mean really what is the demand in an inelastic market for a single use structure of that is only of value to a market that is intentionally limited in size?
Not sure what this speaks to more, depressed commercial real estate of buildings that had no true market value to begin with seeing how there ain't a whole lot of demand for mega sports stadiums to begin with which is why professional sports owners never build them themselves but instead expect cities and states to socialize the construction cost at the expense of taxpayers.
That's interesting because it was John Street from Philly, a democrat, that approved of the multi-million dollar tax bill on Philadelphia residents for a stadium.
I dont see anything in his post which speaks of political affiliation. Why did you bring it up?
Sheesh, I'm surprised it was not snapped up by a Chinese company, I guess they are not interested in old sports stadiums in cities on the brink of economic collapse
Don't they usually knock down old stadiums and turn them into parking lots? I'm surprised they could actually sell the thing at all.
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