A Toronto-based real estate company is the new owner of the Pontiac Silverdome, former home of the Detroit Lions, after the cash-strapped city auctioned it off last week.

The firm, one of four bidders vying for the stadium, submitted a winning bid of $583,000, said city officials. The city said it would not reveal the name of the firm until after the sale is completed, expected to be before the end of the year.

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