Pontiac Silverdome sells for $583K

So you're an enterprising real estate developer, or hell, just a guy with an extra half mil laying around. Sure, you could blow it on a two-bedroom condo in downtown Toronto or Vancouver but why not buy a piece of sports history?

Toronto developer Andreas Apostolopoulos thought the same thing, took his money to the third-world city of Detroit and bought the freakin' Silverdome. For $583,000. It cost over $55 million (U.S.) to build, so you know, it's a bit of a bargain these days. Now, for you kids counting at home, this is a place that housed the Detroit Pistons of the late 80s, the Detroit Lions, Wrestlemania, and the Pope! It seats 80, 311 and, obviously, features SUPER high ceilings and plenty of parking.

(via Toronto Star)

Comments

[madmarv]

Andreas, you have just hit the jackpot!

From all of us in So Cal, congrats. Freakin awesome!

[Uncle Rico]

A fool & his money.....

Very much a sucker purchase.

[John Chow]

It is one thing to spend $500K on a building, but another to spend few hundreds to maintain year after year. I do hope he will find a tenant to cover at least the maintenance expenses.

[Drew P]

Wow, what a deal but what do you do with it now?!
i would be happy to flip it for a $1million but i can't even imagine what it would take to run and organize something like this!

[The Quill]

Will the last person to leave the state of Michigan PLEASE turn out the light. I'm not sure that even Michael Moore still lives there!.