Blogs > Frye on the News

Keeping his eye on the news and offering commentaries and insights on what is happening in Oakland County, around the world, on the tube and in the news.

Thursday, December 17, 2009

Ouch, Pontiac

A recent year-in-review bit on CNNMoney.com had listed some of theĀ dumbest business moves of 2009.
Of course, the automotive crash this year highlighted the top, but Pontiac was included in the listing for its sale of the Silverdome.
They noted that the city only received 1 percent of what was paid to build the dome and buy the property.
Ouch.
It's one thing to make a mistake, it's another make a big enough mistake to get noticed across the country.
But seven years of political inaction made them ripe for the taking and someone took them.

1 Comments:

Anonymous Anonymous said...

You don't mention the many millions of dollars of State Aid Pontiac received for that dome!

January 30, 2010 at 7:31 AM 

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