Stunning bargain sale marks state's desperation
(NEWSER) - In a stunning sign of the imploding economy, Detroit is selling its $56 million sports dome for a bargain basement $580,000. The 80,000-seat Pontiac Silverdome, once home to the Detroit Lions, went for 1 percent of the cost to build it 35 years ago. The city of Pontiac owns the stadium, which was valued at $20 million just last year. Analysts say the price is a stark demonstration of the area's economic devastation. More»