Outstanding Investment Opportunity
Considered an excellent high-profile redevelopment opportunity, the Pontiac Silverdome,
an 80,300-seat stadium, is prominently situated on 127+/- acres accessible by I-75
and M-59. Built at a cost of $55.7 million, the dome was the largest arena in the
NFL when it opened in 1975. The “gateway site” will lend interested buyers an array
of development options.
"We are excited about the Pontiac Silverdome Auction and finding a new owner to
become a key member of our community,” said City of Pontiac Emergency Financial
Manager Fred Leeb. “The decision to sell via absolute auction illustrates our commitment
to sell the stadium and convert an expense into a vibrant future development."
According to Leeb, “What's important for bidders to realize is that this is not
just a large site. This is a prominent location and it is in a city that will do
all it can do to welcome business and foster a new way of operating in the state
of Michigan. Oakland County, where Pontiac is located is ranked the fourth most
affluent county in the US, featuring the wealthy townships of Bloomfield Hills,
Birmingham and Royal Oak. The Silverdome is located next to major thoroughfares
such as I-75, M-59, University Drive and Woodward Avenue. All pluses for new owners.”
To walk into the huge structure that is the Silverdome can still take your breath
away. With a seating capacity of 80,311, its still one of the largest in the world.
The Silverdome was home to the National Football League’s Detroit Lions, the National
Basketball Association’s Detroit Pistons and the United States Football League’s
Michigan Panthers. It has seen major events such as Super Bowl 16 and the 1994 FIFA
World Cup.
The dome established the largest indoor attendance record for a sporting event when
Hulk Hogan met Andre the Giant in the World Wrestling Entertainment’s WrestleMania
III. The Lion's franchise moved from the Silverdome in 2002 and while the Silverdome
has had periodic and varied use since then, its owner, the City of Pontiac has chosen
to auction the dome and the land it is on in an effort to stimulate development
in their city.
Media Inquiries
Please direct all media inquiries to Williams & Williams
silverdome@williamsauction.com or 918.217.6461