Friday, November 20, 2009

Real Estate Deal of the Century


A one bedroom, 30,000 bath fixer-upper for $583,000. The Pontiac Silverdome. Yes, the former home of the Detroit Lions and the Pistons went for the cost of an upper middle class home. Wikipedia says it sits on 27 acres . The place cost close to $55 million to build.

According to CNN Money.com the big deal breaker was that the city of Pontiac needed to get the stadium off their books. The city had been paying $1.5 million in annual upkeep. Also, the city was encouraged by the new owner's plan to bring a soccer team to town.

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