Quote Originally Posted by Towne Cluber View Post
And as has already been pointed out...1) that simply isn’t true, and 2) this isn’t Chicago or the coasts. Detroit real estate is cheap and the buildings are worth far more than the land. Also, the Book Cadillac financials are completely upside down, so that’s a terrible example. Likewise, the Ren Cen only had one interested buyer and sold for 20% of what it cost to build it, so that’s another poor example.
The Book Cadillac existed before:
The Palace
The Silverdome
Joe Louis Arena
Cobo Arena
Olympia Stadium

Barring some catastrophe, the Book Cadillac will be there after Comerica Park, Ford Field, and Little Caesars are gone.