A Canadian company just got a hell of a deal on a historic Detroit arena.
The 90,000-capacity Pontiac Silverdome that housed the city’s Detroit Lions NFL team for decades will be sold for $583,000 to a Canadian company, city officials announced Nov. 16. The Silverdome opened as the largest stadium in the NFL in 1975 at a cost of $55.7 million.
Further details about the company, which was one of four bidders in a recent auction for the venue, are expected to be released pending the approval of final details, according to the Detroit News.
The company reportedly plans to maintain the Silverdome as a sports arena, possibly bringing soccer to the site.
Following the departure of the Lions in 2002, the venue largely sat empty, costing the city roughly $1.5 million annually in upkeep, the paper said.