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Andreas Apostolopoulos (born in 1952) is a Greek-Canadian real estate developer and investor best known for his ownership of the Pontiac Silverdome stadium in Metro Detroit.
Biography
Born in Kalamata, Greece, Apostolopoulos emigrated to Canada in 1969.[1] Starting as a laborer and janitor, he progressed to owning small service and manufacturing companies and into commercial real estate development and investment. He is currently the chairman of Triple Group of Companies, based in Toronto, Ontario.[2]
Silverdome Purchase
Apostolopoulos made international news in 2009 when his investment company purchased the Pontiac Silverdome at auction for $583,000.[3] The low purchase price for an 82,000-seat stadium that had been constructed in 1975 for $55.7 million ($220 million in 2009) was seen as a sign of the state's economic woes.[4][5][6] However, Apostolopoulos's intentions are to operate the Silverdome as a sports and entertainment venue, and the first event at the Silverdome under his ownership was a monster truck and motorsports show on April 17, 2010.[7]
Real Estate
Andreas Apostolopoulos is known for his passion and talent for revitalizing properties in empty business areas, and communities. He is also known for buying large industrial properties and turning them into gems and redeveloping them into useful income producing assets.[1]
Sports
He has invested in sports teams in Europe.
References
^ a b Schwartz, Mattathias (July 29, 2010). "Dome Sweet Dome". BusinessWeek. Bloomberg. Retrieved 11 October 2011.
^ Walsh, Tom. "New owner's vision for Pontiac Silverdome: Big events", Detroit Free Press, March 11, 2010.
^ Girard, Daniel. "Toronto Developer snaps up vacant Pontiac Silverdome" Toronto Star, 11-24-2009.
^ Lewis, Al. "Selling the Silverdome for Shekels" FOX Business, 11-25-2009.
^ Hedgpeth, Dana. "Silverdome's bargain price reflects financial woes in Detroit suburb of Pontiac" Washington Post 2-1-2010.
^ Chandler, Rick. "The Pontiac Silverdome is open for business again!" NBC Sports 3-11-2010.
^ Byron, Sean. "Silverdome plans unveiled" Daily Tribune, 3-12-2010.
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