Pontiac Silverdome’s Owner Seeks Tax Break
PONTIAC, Mich. (AP) — The Pontiac Silverdome’s owner is asking for a tax break to help fix up the former home of the Detroit Lions so it can better host events.
The Oakland Press and The Detroit News report Toronto-based Triple Properties Inc. is seeking the break. The stadium could get a multi-million dollar overhaul. The process of reviewing the proposal begins Thursday, with a meeting that includes Pontiac’s state-appointed emergency financial manager.
The plan would need approval from emergency manager Lou Schimmel and the state. Schimmel says the city currently gets $95,000 a year in taxes for the property.
Triple Properties purchased the 80,300-seat facility in 2009 for $583,000. The Silverdome was home of the Lions until 2002.
Company chief Andreas Apostolopoulos wants to bring a soccer team to the venue.
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