Former stadium of Detroit Lions sold for pennies...

[Deuce]

Pontiac Silverdome

Cost 55.5 Million dollars back in 70's to build, was sold to Canadian company for 500k. Unfukkinreal. Going to turn into a soccer arena. 80k+ seating and they are trying to get MLS to Detroit? No one gives a fukk. I should have bought and put condos there. Fukk me.

http://www.detnews.com/article/20091117/METRO/911170327/1411/METRO02/Silverdome-sale-price-disappoints

[tullamore]

I would get a bunch of Matt Millen pinata, hang them up inside and charge people a $1 a hit.

[urge2kill]

Less than $4k per acre. Wow.

[pavyracer]

This is why you are not a Donald Trump Deuce. Who the **** is going to buy condos in Detroit with a 50% unemployment rate and 75% foreclosure rate? Stick to flipping burgers and leave the business decisions for the pros.

[Deuce]

This is why you are not a Donald Trump Deuce. Who the **** is going to buy condos in Detroit with a 50% unemployment rate and 75% foreclosure rate? Stick to flipping burgers and leave the business decisions for the pros.

Paver, get a clue, it's not in "Detroit" in a nicer area than Detroit. Technically not in Pontiac either, near Bloomfield Township/Auburn Hills/Rochester.


Paver, it's near a junior college, and a university. Paver, I have a clue.

[pavyracer]

Deuce, I design condos for a living. Credit has dried up. Developers can't get credit to build them and people can't get approved for mortgages if they finally build them. Get a clue son.

[Deuce]

Deuce, I design condos for a living. Credit has dried up. Developers can't get credit to build them and people can't get approved for mortgages if they finally build them. Get a clue son.

A better shot than an MLS team. Might as well open it up to vendors as a flea market and sell useless bullshit. Charge 40 bucks a day to each vendor.
Voilà

[eidolon]

buy the stadium for 500k...sell in 5 years for 30 million

[Team Ramrod]

i would rather be kicked in the balls than watch soccer

[urge2kill]

A better shot than an MLS team. Might as well open it up to vendors as a flea market and sell useless bullshit. Charge 40 bucks a day to each vendor.
Voilà

Do both. Local minor league team here hosts an open air market every Sunday.

[bombCanada]

buy the stadium for 500k...sell in 5 years for 30 million

Sell in 5 years for $30 million: +99999
Sell in 5 years for $1: -100

You can't possibly make that statement if you actually know where it is. It's a giant white elephant turd. Half the parking is dirt / mud lots and people's front yards.

If you've ever been there you know that they hold up the roof with giant blowers which pressurize the building.

First time I ever went to the Silverdome it was one of Barry Sanders first games. They gave out these big cardboard "Barry" signs to everyone on the way in. Partway through the first quarter the Lions were losing, some joker folded up his sign like a paper airplane, chucked it, and the air currents from those blowers carried it all the way down onto the middle of the field. It was fantastic. The refs were picking them up for the rest of the game.

[bombCanada]

i would rather be kicked in the balls than watch soccer

Amen. And when they score a goal they hug like a bunch of girls. No wonder the Europeans like it so much.

[shantystar]

detroit lions are good for nothinggggg!

[Bread]

Deuce, Robyn used to live right next to that stadium. When I would visit, I thought it looked like a big helium balloon.

I blame Barry Sanders.

[BrentCrude]

If England had this place it would be the best stadium in the country.

I guess when everyone gets stadium welfare these days from the tax payer it's pretty easy to say a not so old,once state of the art stadium or arena isn't good enough anymore.

[iceminers26]

Now that's what you call losing some coin on a sale, unreal.

However, they kind of had to sell because they were getting killed with the annual costs associated with keeping it

[iceminers26]

At least Detroit still has the Wings

[Skidcom]

It certainly is one of the strangest pieces of real estate. You would think that it has value but it is more of a burden than anything else. The upkeep is 1.5 million/year but the expense to tear it down is unimaginable because it is a giant piece of steel. You can't just knock it down. It would take an army of welders months to cut it up. I wonder whatever happened to those huge curtains they used to hang to cut the stadium in half for Pistons games. In the end the most valuable part of the deal is the hundreds of acres of level land but who would want to live next to a giant steel dome?

[dmtrader]

Its not technically in Pontiac but the city of Pontiac owned the building. They can't afford the upkeep anymore (Deuce - did you see where Arts, Beats, and Eats may be in Royal Oak next year?)

That area has really gone downhill in the last few years. It wasn't long ago that Randan Samuelson developed the property across the street into corporate parks and hotels. Lelli's restaurant moved from downtown Detroit to up the street on Opdyke. Now, there's now value there.

No one can get funding to develop any kind of property in Michigan, let alone near Pontiac. The soccer will probably fail as well, leaving a big white elephant to decay once more.

[Robyn]

Deuce, I design condos for a living. Credit has dried up. Developers can't get credit to build them and people can't get approved for mortgages if they finally build them. Get a clue son.

I thought you were an engineer for bridges?

[Deuce]

Deuce, Robyn used to live right next to that stadium. When I would visit, I thought it looked like a big helium balloon.

I blame Barry Sanders.

Bread at one point in time you probably were less than 5 miles to me. Unreal. We could have planned our attack in person on jjgold.

[Robyn]

Deuce, fear not. We will be back there again soon. I don't like staying with my family, so we always stay at the Holiday Inn on Opdyke in Auburn Hills...right down the road from the Silverdome.

[pavyracer]

I thought you were an engineer for bridges?

since when?

[Baseballboy1220]

U could have sold it to China so they own a little bit more of America

[The Kraken]

Sell in 5 years for $30 million: +99999
Sell in 5 years for $1: -100

You can't possibly make that statement if you actually know where it is. It's a giant white elephant turd. Half the parking is dirt / mud lots and people's front yards.

If you've ever been there you know that they hold up the roof with giant blowers which pressurize the building.

First time I ever went to the Silverdome it was one of Barry Sanders first games. They gave out these big cardboard "Barry" signs to everyone on the way in. Partway through the first quarter the Lions were losing, some joker folded up his sign like a paper airplane, chucked it, and the air currents from those blowers carried it all the way down onto the middle of the field. It was fantastic. The refs were picking them up for the rest of the game.

I'll take both sides for the MAX please

Although that -100 looks a bit fishy

Nice bump for your first post.

[TheCentaur]

How much could we sell Michigan to Canada for?

[kmarinouofm]

How much could we sell Michigan to Canada for?

regular michigan or pure michigan ?

[TheCentaur]

regular michigan or pure michigan ?

I don't know the difference. The whole state of Michigan except for the town Kate Upton was born in

[byronbb]

A guy from work was telling me about his friend who bought an elementary school in Detroit and lives in it.

[paranoyd androyd]

is the silverdome still standing?

[billysink]

Interesting read should answer your questions

http://www.canadianbusiness.com/article/48820--i-this-i-guy-bought-the-silverdome

[Deuce]

Yes

I drive near it daily. Will make video soon.

[Br0nxer]

^^^^^^^^^^


go pinch your fukkin rooster kid

[Smoke]

yea pinch your fukkin rooster

[Deuce]

^^^^^^^^^^


go pinch your fukkin rooster kid

You like it in the ass, kid??