Tax break request for Pontiac Silverdome denied

Lou Schimmel says he was disappointed in investment group's presentation, saying it lacked any plans for renovations

Published On: Mar 26 2012 11:07:50 AM EDT   Updated On: Mar 26 2012 11:15:59 AM EDT
PONTIAC, Mich. -

Pontiac's emergency financial manager has rejected a request from the owner of the Silverdome for a tax break to help fix up the former home of the Detroit Lions.

In a statement, Lou Schimmel said Monday the group didn't reveal planned major renovations for the facility or property. He said the proposal included a list of $4.6 million in maintenance projects and said it would cost $100 million to fix up the stadium.

READ: Statement from Pontiac emergency manager

Schimmel has said the city currently gets $95,000 a year in taxes for the property. Earlier this month, Triple Investment Group said it was seeking the break.

"I was very disappointed with the presentation made by Triple Investment Group during the public hearing," Schimmel said. "I was hoping that the presentation would make my decision very difficult; however, I do not believe that a commercial rehabilitation district should be established at thsi time for the purpose of regular maintenance of a facility. The public and I received no evidence that such maintenance will have a benefit to taxpayers in the city of Pontiac."

The Silverdome was home of the Lions until 2002.