Toronto Businessman Buys Pontiac Silverdome for 583,000
So which would you rather buy in metro Detroit. This 3,200 square foot condo;
or the Pontiac Silver Dome:
Because for one week they were essentially selling for the same price. Yes sir, if you had the right bid, you could have bought the Pontiac Silverdome in metro Detroit for a little less than $600,000. The carrying costs on the Silverdome are a little higher, about 1.5 million a year, but the opportunities are endless.
The buyer, Andreas Apostolopoulos, made a business decision to buy the property. He seems to be a successful commercial real estate investor in Canada. If I had to guess, he had enough money to say, what the hell, I bought a stadium for 600k.
And if you are wondering, construction of the Silverdome cost 55 million to build in 1975.
A Toronto developer has purchased the 80,300-seat Pontiac Silverdome near Detroit for $583,000 (all prices U.S.) – a little more than 1 per cent of the cost of building the domed sports stadium in 1975.
“It’s something different,” Andreas Apostolopoulos of Triple Properties in North York said in an interview Monday. “I’m happy.” The Star
Montreal Canada. L`ile bizard. Large private mansion with concrete pool, sauna, nested in woods. with 6 large garages ...
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When Washington ...
I see it all too often where owners decide to be investors without understanding that tenants have rights. Its ...
cont from above post.....
please contact me via e-mail if interested in the home listed
above.
jonieckstrom@yahoo.com 
This is a topic currently being debated in our local Real Estate Board here in Toronto Canada. Online, we ...
A property management company should realize that most potential tenants now will have a foreclosure or bankruptcy on their credit....as ...
my boyfriend and i just fell for the scam ourselves, it's sad what they are able to do. I am ...
Now is an excellent time for business people to buy if they have decent credit (I did not say excellent ...
Comment by NickWaltersRE on 24 November 2009:
Perhaps the steal of the century….in Detroit at least
Comment by Gainesville Real Estate on 26 November 2009:
I’ve always wondered how they keep that roof inflated.
Comment by Joe Sherman on 1 December 2009:
Unbeliveable! Detroit is the armpit of the US.
Comment by Clemmons Homes for Sale on 2 December 2009:
Talk about depreciation! The new owners quote: “I’m Happy.” You think? What a deal.
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