Judge rejects previous bidder’s challenge, OKs $583,000 auction sale of Pontiac Silverdome
By APTuesday, November 24, 2009
Judge unblocks $583,000 Pontiac Silverdome sale
PONTIAC, Mich. — A judge has cleared the way for a Canadian company to pay $583,000 for the Pontiac Silverdome, built for $55.7 million in 1975 to house the NFL’s Detroit Lions.
The Lions abandoned the 80,300-seat stadium in 2002, when they moved to Detroit’s Ford Field. Pontiac has been spending $1.5 million a year to maintain the largely unused stadium.
Oakland County Circuit Court Judge Edward Sosnick refused Monday to grant a preliminary injunction to Silver Stallion Corp., which made a $20 million offer for the Silverdome last year.
That deal fell through in a dispute over environmental cleanup costs.
Sosnick earlier issued a temporary restraining order blocking the sale to Triple Properties Inc. of Toronto.
