If you don't know it yet, California is broke, but perhaps not as broke as the City of Pontiac, Michigan.

Pontiac officials announced recently that the City will auction off the Pontiac Silverdome, host of the Super Bowl XVI in 1982, as well as host of several other enormous events, such as Pope John Paul II's visit to America, the 1994 World Cup, and 1987's Wrestlemania, which drew 90,000 people, the largest turnout for an indoor sporting event.

The Silverdome was built in 1975 at a cost of over $55 million and occupies 127 acres. Compare the cost to that of the new Cowboys Stadium at $1.2 billion, and the Silverdome seems like a bargain. Unfortunately, it hasn't been used regularly since the Detroit Lions left after the 2001 season.

The City states that flexible zoning laws have been established to make it an easier sale but that demolition is also a possibility depending on the new owner's needs. Seems to me that an indoor theme park and shopping center would be a possibility since they have something similar over there in Minneapolis-St. Paul. Anyway....

The auction will continue through November 12. To bid on it, visit the City of Pontiac's auction site. The auction is absolute; there is no reserve, so you could get a piece of sports history for little or nothing.

I've always dreamed of owning a significant piece of sports history, but the $1.5 million annual maintenance costs or the stadium, or the property taxes on 127 acres, might be too much even for me -- LOL.

**********

If you would rather have a piece of California
with your own great condominium in Mission Valley,
please give me a call.

I'm available 24/7, so feel free to contact me by phone or email.

**********

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

**********

15 recent blog posts:

1. FHA puts new limits on reverse mortgages
2. How to appeal your property taxes
3. San Diego Zoo's "Name the Panda" contest starts Saturday
4. 2009 Mission Valley condo activity through October 6, 2009
5. Mission Valley condos, San Diego CA: Creekwood at River Run
6. Speechless Sunday: Painting-perfect mountains and clouds
7. WIIFM and WIGTCM
8. Speechless Sunday at the San Diego Zoo: May I have a ride?
9. Take advantage of our National Parks
10. Every day should be fire safety day!
11. The summer heat isn't over with yet!
12. Logan's Run: Is it my turn to go?
13. Massive Toyota and Lexus recall
14. Just what are "views" and "clicks" in our statistics?
15. Why would you list a property that you don't have access to?

Join me in the following ActiveRain Groups:

1. Out and About - Share specific events, places, and things to do with your target audience.
2. NAR 2009 Convention San Diego - Coming to the Convention in November? Check in here.
3. Guerrilla Marketing Tactics - Marketing that requires mostly ingenuity, creativity, time, and energy.
4. Inspired By Nature - Where you can come to relax among Mother and Father Nature's fauna and flora.
5. Classical Music - Share classical music events with your target audience.
6. Active Rain Book Club - A great place to find information on books of all genres.