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  1. #1
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    SIlverdome Falling Apart

    I guess when you build a new stadium in some cities you just leave the old one and let it fall to the ground.

    http://www.huffingtonpost.com/2014/0...usaolp00000592


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    Re: SIlverdome Falling Apart

    Sad to see what at one time was the site of wrestlemania 3.



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    Re: SIlverdome Falling Apart

    And I'm guessing it'll sit there until the new owner gets someone many, many years down the road who wants that parcel of land and then they'll cash in.



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    Re: SIlverdome Falling Apart

    A microcosm of Detroit.


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    Re: SIlverdome Falling Apart

    Some parts of Detroit look eerily similar to Chernobyl



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    Re: SIlverdome Falling Apart

    I'm sure it costs a **** load of money to maintain something like that, but also a **** load to tear it down, also it's Detroit.




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    Re: SIlverdome Falling Apart

    If I recall correctly, it was last sold for around $500k.



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    Re: SIlverdome Falling Apart

    Anthony Bourdain - Parts Unknown did a facinating two part episode on Detroit. It took you through just how bad some parts were and some of the efforts to rebuild the city. Part two was kind of a round table with a bunch of people from Detroit. It's interesting that some foreign companies are starting to invest in Detroit and a bunch of immigrant/refugee groups are targeting the city. A lot of cultures are able to set up there own little micro communities because of all the cheap property and it seems to be going well. It will take a while but I can see the city bouncing back and being one of the most diverse cities in the country.



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    Re: SIlverdome Falling Apart

    I guess I didn't realize it was still standing and they hadn't done anything with it....then I remembered it was Detroit.


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    Re: SIlverdome Falling Apart

    Was it really necessary for them to try to be all artsy with the water rushing over the camera for half the video?

    This is pretty crazy though.



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    Re: SIlverdome Falling Apart

    To be fair- the Silverdome is not in Detroit or has anything to do with the City of Detroit or the City of Pontiac.

    The problem lies with the developer that bought the stadium, something like 5 years ago. The roof was deflated in January 2013 and is to be replaced with a self-supporting roof. So far nothing has been done since deflating the roof. Looks like the stadium is just a tax write off now for the owner.

    Edit:
    Looking at the Wikipedia page- this is very interesting part to the incompetence of the city leadership in Pontiac. Only the leaders there could turn a potentially $18,000,000 "profit" into a $580,000 "profit."
    After the Lions departure, the city of Pontiac began to experience several years of serious financial problems. Due to the continued high maintenance costs of the structure, it made several unsuccessful attempts to sell the stadium. In early 2008, United Assurance Company Ltd. made the highest purchase offer to date, with a bid of $18 million to convert the Silverdome into a Hollywood-style entertainment complex, following an earlier bid of $12 million by an attorney. However, the city announced in October 2009 that the property would go to auction with no minimum bid, and that zoning regulations would be relaxed for any buyer in order to spark development. The city engaged the firm of Williams & Williams to conduct the auction in November 2009. After reading about the auction in a newspaper, Greek-born Canadian real estate developer Andreas Apostolopoulos, CEO of Toronto-based Triple Properties Inc., submitted a winning bid of US$550,000. Real estate fees of 6% raised the price to US$583,000. The sale of the Silverdome, completed in 1975 at a cost of $55.7 million (approx. $225 million in 2012 dollars), and sold in 2009 for $583,000 was viewed by many as a symbol of the collapse of real estate prices in the Detroit metropolitan area though many local leaders and residents claimed the sale was brought about due to the incompetence of city management and their not having a vision or future plans for the stadium and surrounding area.


    Last edited by cyinne; 04-30-2014 at 03:00 PM.

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    Re: SIlverdome Falling Apart

    Correct me if I'm wrong, but isnt the Detroit Tiger's old and historic baseball stadium just sitting somewhere in ruins as well?



  13. #13
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    Re: SIlverdome Falling Apart

    I guess I didn't realize it was still standing!


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    Re: SIlverdome Falling Apart

    Quote Originally Posted by CycloneRulzzz View Post
    Sad to see what at one time was the site of wrestlemania 3.
    over 93,000 people in that joint for this.


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  15. #15
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    Re: SIlverdome Falling Apart

    Quote Originally Posted by JSmoove View Post
    Correct me if I'm wrong, but isnt the Detroit Tiger's old and historic baseball stadium just sitting somewhere in ruins as well?
    I think it was for about a decade. Without checking, I seem to remember it being a glorified little league field now. Also think the flag pole still stands too.


    "Science is a wonderful thing if one does not have to earn one's living at it." -- Albert Einstein

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