Comments on: One Of These Things Just Doesn’t Belong… http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/ Fri, 12 Mar 2010 13:48:40 +0000 http://wordpress.org/?v=2.2.1 By: dong http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2944 dong Fri, 27 Nov 2009 06:11:13 +0000 http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2944 This is not uncommon. Sport facilities are black holes. They will never increase in value, especially these stadiums built in the boonies. You don't have to look to far for an example. The Skydome was sold to Rogers for $25M while it cost close to $600mil to build. Just the LAND is worth more than $25M. teddy did good!! This is not uncommon. Sport facilities are black holes. They will never increase in value, especially these stadiums built in the boonies. You don’t have to look to far for an example. The Skydome was sold to Rogers for $25M while it cost close to $600mil to build. Just the LAND is worth more than $25M. teddy did good!!

]]> By: Peter http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2940 Peter Thu, 26 Nov 2009 14:02:44 +0000 http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2940 I had a good laugh reading this posting. keep up the good work on your blog. I had a good laugh reading this posting. keep up the good work on your blog.

]]> By: WEB http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2939 WEB Thu, 26 Nov 2009 00:45:31 +0000 http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2939 John Templeton said to buy "at the point of maximum pessimism." I think this purchase may just be what he was thiinking about when he said this..... John Templeton said to buy “at the point of maximum pessimism.”

I think this purchase may just be what he was thiinking about when he said this…..

]]> By: fidel http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2938 fidel Wed, 25 Nov 2009 16:53:12 +0000 http://www.torontorealtyblog.com/2009/11/25/one-of-these-things-just-doesnt-belong/#comment-2938 How many houses could you build on that 127 1/2 acres? Many, but you won't see it happen in this lifetime. Detroit is the only city that is shrinking in size each year. I can't think of any situation where people will start moving there en masse anytime soon. With 1.5 mill maintenance fees, I can't see this guy turning a profit. How many big names can fill an 88K stadium an hour outside of detroit, especially considering the far superior Ford stadium. I believe the skydome was also sold for much less than the construction cost. Once they make their money I guess it doesn't matter what it sells for 20 years down the road How many houses could you build on that 127 1/2 acres?

Many, but you won’t see it happen in this lifetime. Detroit is the only city that is shrinking in size each year. I can’t think of any situation where people will start moving there en masse anytime soon.

With 1.5 mill maintenance fees, I can’t see this guy turning a profit. How many big names can fill an 88K stadium an hour outside of detroit, especially considering the far superior Ford stadium.

I believe the skydome was also sold for much less than the construction cost. Once they make their money I guess it doesn’t matter what it sells for 20 years down the road

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