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An attempt at a U-turn for struggling Pontiac, Mich.

With a $7 million deficit and roughly $100 million in debt, the state of Michigan has declared a financial emergency in the once bustling city of Pontiac.

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Where a $56 million dome couldn't fetch 600 grand
Article | PONTIAC, MICH. -- Once this city had its own car, 23,000 busy factory workers and the $55.7 million Silverdome, a storied Teflon-coated stadium where the Detroit Lions played, Elvis Presley sang, WrestleMania's Hulk Hogan stalked and Pope John Paul II prayed.

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