Lions Ex-Stadium, Once Super Bowl Host, Sells for $7.25 a Seat - Bloomberg
Over the past decade, Pontiac spurned offers of $17 million, $18.5 million and $22 million for the Silverdome, the Oakland Press reported.
“We proved nobody’s interested in paying that much because we held an auction that was advertised worldwide,” Leeb said.
Property values in the Detroit area have plummeted. Homes there have lost 28 percent of their value since 2000, according to the S&P/Case Shiller home price index.
The Lions vacated the Silverdome in 2002 to play at Ford Field in downtown Detroit. Since then, the stadium that once hosted the Super Bowl has been used for tractor pulls and auto auctions and served as a staging ground for construction materials, Leeb said.
It’s been a long decline since the San Francisco 49ers defeated the Cincinnati Bengals 26-21 in Super Bowl XVI, Jan. 24, 1982, before a crowd of 81,270.
“It was state of the art 20 years ago,” Andrew E. Meisner, treasurer of Oakland county, where Pontiac is located, said in a phone interview. “It’s been a symbol of neglect.”