*Canadian snaps up major USA sports stadium for $583k !!! Nice Deal !* - GoFuckYourself.com

Domain Diva · 11-19-2009, 01:17 AM

Seems like a sweet purchase for $583k ...for something that cost over $55 mill to build in 1975...

The new owner is going to make a soccer stadium with it .

Outline....

An unidentified Canadian real estate company was the winning bidder for the Silverdome, snatching it up for a mere fraction of its original value.

A Toronto-based family-owned company bid $583,000 for the under-used stadium on Monday, which is currently owned by the City of Pontiac, Mich.,

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 Silverdome has also served as a music venue for some of the hottest acts in show business, including Michael Jackson, Madonna and Elvis. Another high profile visitor, 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.

Despite its rich history, the stadium has seen little use since 2002, when the Lions concluded their last season there.

Full Story.

Domain Diva · 11-19-2009, 01:30 AM

Hey Scott ( aka Sleazy) looking back maybe buying a few stadiums instead of waterfront property and a bar would have been a good route to take !

Just teasing

onwebcam · 11-19-2009, 01:33 AM

Wow, what a steal. Hope that's not a sign of where real estate is headed and winning bid price was based on use stipulations.

raymor · 11-19-2009, 01:42 PM

I wonder what the property taxes are on that ...

L-Pink · 11-19-2009, 01:46 PM

That comes to $4,500. per acre for commercial property with a stadium.

What kind of shape is it in and why did the Lions move?

.

sandman! · 11-19-2009, 01:47 PM

the place probably needs 10 mil in work at least.

Jakez · 11-19-2009, 01:48 PM

A single car in the parking lot could cost 3x as much... and be driven into a lake.

L-Pink · 11-19-2009, 01:50 PM

Quote:

Originally Posted by CyberClaire

Hey Scott ( aka Sleazy) looking back maybe buying a few stadiums instead of waterfront property and a bar would have been a good route to take !

I think a waterfront bar would have been the best idea.

.

Twistys Tim · 11-19-2009, 01:51 PM

Maybe these guys???? http://en.wikipedia.org/wiki/Olympia_and_York

baddog · 11-19-2009, 01:54 PM

Isn't Detroit one of the worst hit in the real estate downturn?

dyna mo · 11-19-2009, 01:57 PM

oopsie, not so fast eh

Quote:

PONTIAC, Mich. ? A judge has temporarily blocked the sale of the Pontiac Silverdome.

Oakland County Circuit Court Judge Edward Sosnick is expected to decide Monday whether a $583,000 high bid submitted this week by an unnamed Canadian company was proper.

Silver Stallion Corp. asked Sosnick to nullify the auction sale. The group says their 2008 purchase agreement for $17 million should take precedent and alleges racial discrimination.

Pontiac officials said the Canadian company would take ownership of the 80,300-seat stadium and 127 surrounding acres within 45 days.

Pontiac has been spending $1.5 million a year to maintain the Silverdome, which was built in 1975 for $55.7 million. The city has been trying to sell the stadium since the Detroit Lions moved to Ford Field in downtown Detroit in 2002.

L-Pink · 11-19-2009, 02:04 PM

Quote:

Originally Posted by baddog

Isn't Detroit one of the worst hit in the real estate downturn?

Go to "realtor. com" and search Detroit single family homes no minimum price.

It's unreal.

.

sandman! · 11-19-2009, 02:05 PM

i have paid more for cars then many houses go for out there.

Quote:

Originally Posted by baddog

Isn't Detroit one of the worst hit in the real estate downturn?

Ravage · 11-19-2009, 02:49 PM

Quote:

Originally Posted by L-Pink

why did the Lions move?

Because really, what sense did it make to have the DETROIT Lions playing in PONTIAC. Might as well of called them the Pontiac Lions

But seriously, the Lions moved out because the stadium is showing its age. Money was raised and they sold the name to Ford (Ford Field), and were able to construct it across from Commerica Park (Tigers).

Made more sense economically to build new than try and raise money to renovate the Silverdome.

xNetworx · 11-19-2009, 03:00 PM

WOW! WHAT A DEAL! Seriously. The scrap alone from that place has to be worth a few million.

dyna mo · 11-19-2009, 03:05 PM

Quote:

Originally Posted by pimpporn

WOW! WHAT A DEAL! Seriously. The scrap alone from that place has to be worth a few million.

that's what i don't get either. why couldn't the city of razed the structure, sell off the scrap, parcel the land and sell the parcels.

MaDalton · 11-19-2009, 03:08 PM

Quote:

Originally Posted by dyna mo

that's what i don't get either. why couldn't the city of razed the structure, sell off the scrap, parcel the land and sell the parcels.

because no one needs land in detroit?

areagirls · 11-19-2009, 03:09 PM

http://www.realtor.com/realestateand...troit_MI?sby=1

Why are there so many firedamaged homes in Detroit? Former crackhouses?

Is this house really for sale for $850?

http://www.realtor.com/realestateand...224_1113024688

L-Pink · 11-19-2009, 03:11 PM

Quote:

Originally Posted by areagirls

http://www.realtor.com/realestateand...troit_MI?sby=1

Why are there so many firedamaged homes in Detroit? Former crackhouses?

Is this house really for sale for $850?

http://www.realtor.com/realestateand...224_1113024688

Didn't I say it's unbelievable? Scroll thru more expensive home and see more deals!

.

dyna mo · 11-19-2009, 03:19 PM

Quote:

Originally Posted by MaDalton

because no one needs land in detroit?

your comment missed the point.

selling it as cheap as the stadium sold for by parcel + the scrap metal revenue still nets the city more than it got auctioning the stadium.

Odie · 11-19-2009, 04:23 PM

didn't someone buy a house in Detriot for $1?? it's the armpit of america....who wants to live there but crackheads and gangsters??

Fob · 11-19-2009, 04:32 PM

wow, u could buy a house in canada...or a stadium in detroit!

CosmicTang · 11-19-2009, 04:51 PM

Sooner or later Detroit will make a comeback. Large companies, perhaps when the green energy movement really picks up, will see that they can buy huge amounts of land on the cheap and that there's a whole population out of work just dying to have a job. And people would be able to buy their own houses for pennies on the dollar.

Domain Diva · 11-19-2009, 06:44 PM

Quote:

Originally Posted by areagirls

http://www.realtor.com/realestateand...troit_MI?sby=1

I didnt know places existed that you could buy homes from $50 -$99 bucks

is detroit really that bad

kane · 11-19-2009, 08:25 PM

Quote:

Originally Posted by CyberClaire

I didnt know places existed that you could buy homes from $50 -$99 bucks

is detroit really that bad

There are places in and around the Detroit and Flint areas where they will just give you a house if you are willing to pay the property taxes and maintain the house. I saw a news story a few months ago about a woman that worked online (not sure what she did) so it didn't matter where she lived. She bought a 3 bedroom nice looking house in Flint, Michigan for $160. She said she put about 3K into some fresh paint, landscaping and a few repairs and had a really good looking place with no house payments.

kane · 11-19-2009, 08:27 PM

There are other parts of Flint where they are just going to bulldoze and flatten entire neighborhoods because all the houses are empty and all they do is attract crime so they will flatten it to save money.

bushwacker · 11-19-2009, 08:47 PM

Quote:

Originally Posted by CyberClaire

Seems like a sweet purchase for $583k ...for something that cost over $55 mill to build in 1975...

The new owner is going to make a soccer stadium with it .

Outline....

An unidentified Canadian real estate company was the winning bidder for the Silverdome, snatching it up for a mere fraction of its original value.

A Toronto-based family-owned company bid $583,000 for the under-used stadium on Monday, which is currently owned by the City of Pontiac, Mich.,

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 Silverdome has also served as a music venue for some of the hottest acts in show business, including Michael Jackson, Madonna and Elvis. Another high profile visitor, 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.

Despite its rich history, the stadium has seen little use since 2002, when the Lions concluded their last season there.

Full Story.

Great idea a soccer stadium.

xxxdesign-net · 11-19-2009, 08:52 PM

Quote:

Originally Posted by kane

There are other parts of Flint where they are just going to bulldoze and flatten entire neighborhoods because all the houses are empty and all they do is attract crime so they will flatten it to save money.

why dont they give those houses to poor families who were thrown out of their own home and make an entire street with decent families living there?!

Chauncy · 11-19-2009, 08:59 PM

I always hate seeing these threads. No the Detroit area is not bad its not the armpit of america. the problem is the downtown are is great and the suburbs are fantastic yes the residential part of the city itself is bad that is it the rest is thriving. sports, bars, show, restaurants ect.. there is a reason no one else bid over them the building is run down tons of back taxes owed to bring it back will take millions in renovations. If you really want to see a representation of houses and living look for houses in grosse point farms and grosse pointe woods, birmingham, Macomb twp, shelby twp, plymouth, west bloomfield

some of these houses are less then 5 miles from detroit http://www.realtor.com/realestateand...-Farms_MI/pg-2

baddog · 11-19-2009, 10:02 PM

Quote:

Originally Posted by bushwacker

Great idea a soccer stadium.

Detroit is known as mo town, motor city, and soccer central.

GTS Mark · 11-19-2009, 10:17 PM

http://www.gazette.uwo.ca/article.cf...ay=2&year=2004

and I thought the skydome sold for pennies on the dollar!

kane · 11-19-2009, 10:39 PM

Quote:

Originally Posted by xxxdesign-net

why dont they give those houses to poor families who were thrown out of their own home and make an entire street with decent families living there?!

Good question. I think part of it is that unemployment in that city is horrible so they have trouble finding people that even want to live in that town. Still, you would think if you advertised that you could have a free house if you moved there they would get some takers.

Aside from the crime issue the other reason they want to destroy them is all those empty houses continue to drive down the value of the lived in houses. If you actually put people in the empty houses it might actually help moves values back up.

Bman · 11-19-2009, 11:03 PM

Shoe box sized apartment less then 500 sq feet goes for $500k to $600k where I am. We are getting ripped.
Same price I get a Stadium?
I could shoot a ton of Cheerleader stuff at least...

Spunky · 11-19-2009, 11:06 PM

Detoilet will never change,great NHL team but that's it

tehHinjew · 11-19-2009, 11:10 PM

who bought it? rogers?

JD · 11-19-2009, 11:17 PM

jesus looks like you could buy an entire neighborhood for 100k

FreeHugeMovies · 11-19-2009, 11:23 PM

That 850 is your monthly payment.

boneprone · 11-19-2009, 11:34 PM

Are they going to move it to Canada?
Casue in case they didn notice, its still in fucking Detroit.

Domain Diva · 11-20-2009, 02:56 AM

Quote:

Originally Posted by tehHinjew

who bought it? rogers?

No I dont think so as the report states " An unidentified Canadian real estate company was the winning bidder " although as mentioned by DrinkingHARDEST its seems Rogers did purchase the Skydome in Toronto for a crazy low price compared to its cost in 2004.

11-19-2009, 01:17 AM	#1
Domain Diva Too lazy to set a custom title Industry Role: Join Date: Oct 2007 Location: UK/USA/Canada ICQ : 494318698 Email:[email protected] Posts: 10,180	*Canadian snaps up major USA sports stadium for $583k !!! Nice Deal !* Seems like a sweet purchase for $583k ...for something that cost over $55 mill to build in 1975... The new owner is going to make a soccer stadium with it . Outline.... An unidentified Canadian real estate company was the winning bidder for the Silverdome, snatching it up for a mere fraction of its original value. A Toronto-based family-owned company bid $583,000 for the under-used stadium on Monday, which is currently owned by the City of Pontiac, Mich., 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 Silverdome has also served as a music venue for some of the hottest acts in show business, including Michael Jackson, Madonna and Elvis. Another high profile visitor, 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. Despite its rich history, the stadium has seen little use since 2002, when the Lions concluded their last season there. Full Story. __________________ Cams-Tube-Dating Domains Available At Trade Prices ! Domains For Sale ICQ:494318698

11-19-2009, 01:30 AM	#2
Domain Diva Too lazy to set a custom title Industry Role: Join Date: Oct 2007 Location: UK/USA/Canada ICQ : 494318698 Email:[email protected] Posts: 10,180	Hey Scott ( aka Sleazy) looking back maybe buying a few stadiums instead of waterfront property and a bar would have been a good route to take ! Just teasing __________________ Cams-Tube-Dating Domains Available At Trade Prices ! Domains For Sale ICQ:494318698

11-19-2009, 01:33 AM	#3
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,667	Wow, what a steal. Hope that's not a sign of where real estate is headed and winning bid price was based on use stipulations. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

11-19-2009, 01:42 PM	#4
raymor Confirmed User Join Date: Oct 2002 Posts: 3,745	I wonder what the property taxes are on that ... __________________ For historical display only. This information is not current: support@bettercgi.com ICQ 7208627 Strongbox - The next generation in site security Throttlebox - The next generation in bandwidth control Clonebox - Backup and disaster recovery on steroids

11-19-2009, 01:47 PM	#6
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	the place probably needs 10 mil in work at least. __________________ Need WebHosting ? Email me for some great deals [email protected]

11-19-2009, 01:46 PM	#5
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	That comes to $4,500. per acre for commercial property with a stadium. What kind of shape is it in and why did the Lions move? .

11-19-2009, 01:48 PM	#7
Jakez Confirmed User Industry Role: Join Date: Jan 2004 Location: oddfuturewolfgangkillthemall!!!!!!! Posts: 5,656	A single car in the parking lot could cost 3x as much... and be driven into a lake. __________________ [email protected] - jakezdumb - 573689400 Killuminati

11-19-2009, 01:51 PM	#9
Twistys Tim Confirmed User Join Date: Apr 2008 Location: Twistys HQ Posts: 1,923	Maybe these guys???? http://en.wikipedia.org/wiki/Olympia_and_York __________________ $100 PPS Xmas Promo [email protected] ICQ 311545482 Skype timmy_vee

11-19-2009, 01:54 PM	#10
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	Isn't Detroit one of the worst hit in the real estate downturn?

11-19-2009, 03:00 PM	#15
xNetworx So Fucking What Industry Role: Join Date: Jan 2004 Location: Whore Island Posts: 14,445	WOW! WHAT A DEAL! Seriously. The scrap alone from that place has to be worth a few million.

11-19-2009, 03:09 PM	#18
areagirls Confirmed User Join Date: Feb 2005 Posts: 1,678	http://www.realtor.com/realestateand...troit_MI?sby=1 Why are there so many firedamaged homes in Detroit? Former crackhouses? Is this house really for sale for $850? http://www.realtor.com/realestateand...224_1113024688 __________________ WhoPaidMe - Cheque names, ePassporte IDs, Alexa data, combined review scores, new site launches & promos, for every sponsor and every niche!

11-19-2009, 04:23 PM	#21
Odie Confirmed User Join Date: Apr 2003 Location: The WATER BABY! Posts: 7,040	didn't someone buy a house in Detriot for $1?? it's the armpit of america....who wants to live there but crackheads and gangsters?? __________________ Odie [email protected] Are you Mobile???? MMACanada ICQ # 166208354 See Who I Am At AdultWhosWho.com!

11-19-2009, 04:32 PM	#22
Fob Confirmed User Join Date: Apr 2009 Posts: 520	wow, u could buy a house in canada...or a stadium in detroit! __________________ Asian Camgirls \| Filipina Cam Sponsor \| Jap Cam Sponsor \| Asian Cam Sponsor

11-19-2009, 04:51 PM	#23
CosmicTang Confirmed User Join Date: Feb 2007 Location: Los Angeles, CA Posts: 1,478	Sooner or later Detroit will make a comeback. Large companies, perhaps when the green energy movement really picks up, will see that they can buy huge amounts of land on the cheap and that there's a whole population out of work just dying to have a job. And people would be able to buy their own houses for pennies on the dollar. __________________ ICQ: 456.689.835 julian (at) orgasm (dot) com

11-19-2009, 08:27 PM	#26
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	There are other parts of Flint where they are just going to bulldoze and flatten entire neighborhoods because all the houses are empty and all they do is attract crime so they will flatten it to save money.

11-19-2009, 08:59 PM	#29
Chauncy Confirmed User Join Date: Jun 2002 Location: Detroit Posts: 642	I always hate seeing these threads. No the Detroit area is not bad its not the armpit of america. the problem is the downtown are is great and the suburbs are fantastic yes the residential part of the city itself is bad that is it the rest is thriving. sports, bars, show, restaurants ect.. there is a reason no one else bid over them the building is run down tons of back taxes owed to bring it back will take millions in renovations. If you really want to see a representation of houses and living look for houses in grosse point farms and grosse pointe woods, birmingham, Macomb twp, shelby twp, plymouth, west bloomfield some of these houses are less then 5 miles from detroit http://www.realtor.com/realestateand...-Farms_MI/pg-2 __________________ Sell a man a fish, he eats for a day, teach a man how to fish, you ruin a wonderful business opportunity. -Karl Marx

11-19-2009, 10:17 PM	#31
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	http://www.gazette.uwo.ca/article.cf...ay=2&year=2004 and I thought the skydome sold for pennies on the dollar!

11-19-2009, 11:03 PM	#33
Bman Confirmed User Industry Role: Join Date: Aug 2003 Location: Redirecting your traffic Posts: 1,679	Shoe box sized apartment less then 500 sq feet goes for $500k to $600k where I am. We are getting ripped. Same price I get a Stadium? I could shoot a ton of Cheerleader stuff at least... __________________ ICQ 228211529

11-19-2009, 11:06 PM	#34
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,940	Detoilet will never change,great NHL team but that's it __________________ *YOUR INFORMATION HERE*

11-19-2009, 11:10 PM	#35
tehHinjew Confirmed User Join Date: Sep 2006 Location: MTL Posts: 5,755	who bought it? rogers?

11-19-2009, 11:17 PM	#36
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	jesus looks like you could buy an entire neighborhood for 100k

11-19-2009, 11:23 PM	#37
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	That 850 is your monthly payment.

11-19-2009, 11:34 PM	#38
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	Are they going to move it to Canada? Casue in case they didn notice, its still in fucking Detroit. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.