Detroit's Silverdome almost sold for 1% of original cost

Silverdome
Silverdome

What a difference a year makes. Or 34 years. Take your pick. Either way, it's a loss for Detroit and the surrounding area.

The Pontiac Silverdome was sold this week at auction for $583,000, or about 1% of the $55.7 million it took to build it in 1975, according to the Christian Science Monitor.

The sale was halted Wednesday when a judge ordered an injunction to stop it after a complaint was filed by developer H. Wallace Parker, who claims he had an agreement with the city to buy it, according to Crain's Detroit Business.