Posted On: November 26, 2009 by Jason B. Wolf

Happy Thanksgiving from Sports Agent Lawyer Blog!


As sports agents, sports lawyers and pro athletes enjoy Turkey Day, I just wanted to pass on this brief food for thought.

The recent sale of the Pontiac Silverdome for $583,000 has been the subject of extensive ridicule in the media.

"An 80,000-seat domed arena and its 127-acre site sold for less than a one-bedroom apartment in Manhattan," Jon Stewart marveled on "The Daily Show." Not just any apartment — one "with a rodent problem, above a bowling alley and below another bowling alley."

I think it is also a good opportunity for municipalities to wake up and realize that they need to be less short-sighted, and smarter, when they build stadiums using public money. This facility cost the equivalent of $220 million in today’s dollars. Talk about a waste of taxpayer money and resources.