Detroit's financial collapse

One of the most affected regions in the US by the financial crisis was the Michigan area and especially Detroit. The state capital city lost more than one million inhabitants and some parts of the city look deserted even today.

The automobile industry suffered a lot from global competition, but it wasn't the only one. Detroit even has one of the highest crime rates in America. Some famous buildings were left at the mercy of the elements, buildings like the Vanity Ballroom Building and the Film Exchange Building. But now the list has another superstructure left to decay.

The “Silverdome” formerly known as Pontiac Silverdome is an unused stadium that for a long time was the largest in the Nation Football League. Its construction costs was 55 million dollars (244 million in 2014 dollars)and it hosted four games at the FIFA World Cup 1944. The stadium was auctioned off by the city and it was acquired by Andreas Apostolopoulos, CEO of Triple Properties for 550,000 dollars. The deal was viewed as a symbol of the collapse of the real estate prices in the Detroit metropolitan area.

Eventually the arena was abandoned and its owners announced they would be auctioning off almost everything that the facility still has. In May the rest of the roof collapsed and a recent video shows the level of decay the arena is going through.