NEW YORK (CNNMoney.com) — An unidentified Canadian real estate company was the winning bidder for the Silverdome, snatching it up for a mere fraction of its original value.
A Toronto-based family-owned company bid $583,000 for the under-used stadium on Monday, which is currently owned by the City of Pontiac, Mich., according to auctioneer Williams & Williams.
The company plans to refurbish the Silverdome into a stadium for men’s Major League Soccer and women’s professional soccer teams, said the auctioneer. While the stadium was the former home of the National Football League’s Detroit Lions, it also played host to some of the World Cup games in 1994. Brazil’s victory over Italy occurred elsewhere, at the Rose Bowl in Pasadena, Calif.
The auctioneer Williams & Williams, based in Tulsa, Okla., said it will not identify the buyer “until the final details are worked out and the sale closes.”
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