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.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen