I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Pontiac Silverdome
The stadium that was once the National Football League’s largest venue (seating capacity: 80,300) is up for auction today. Bidding on the property will close at 4 p.m.
And apparently, real estate experts say the Silverdome is a great deal — if you just happen to have millions of dollars burning a hole in your pocket.
Built at a cost of $55.7 million, the current owner of the Silverdome — the city of Pontiac — listed the stadium’s book value at a much-depreciated $13.2 million, according to the Detroit Free Press. But naturally, Pontiac officials would like to sell the property for much more.
According to TopTenRealEstateDeals.com, the 127-acre site is listed as the third-best real estate deal anywhere in the United States, and best of all, the Silverdome has “plenty of parking and bathrooms for friends.”
According to property broker Williams and Williams Commercial Real Estate, the city of Pontiac is hoping to transform what’s currently an expense into some form of revenue-generating redevelopment. The company’s Web site quotes Fred Leeb, Pontiac’s emergency financial manager, giving would-be buyers this pitch:
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.”
The Silverdone opened in 1975, and it lost its anchor tenant, the NFL’s Detroit Lions, in 2002.
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