This isn’t so much a property rights story, as much as a story of what is happening to our economy. The Silverdome, which was built for 55.7 million dollars 35 years ago, just sold for $583,000. That is an amazing statement about how bad Detroit’s economy is doing today. Frankly, its downright scary.
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They should make it into public housing. They could make a fortune as a state funded shelter. That is I guess if the state has a way to pay them.