PONTIAC, MI-The city has received seven bids in its further effort to redevelop the former home of the Detroit Lions football team, the 80,000-seat Pontiac Silverdome. The city has been trying to market the 127-acre property since the team left to the new Ford Field in Detroit in 2002.
Though a bid process has failed before in this depressed city, seven submissions were sent recently to CB Richard Ellis, which was contracted to handle the process for the city. Ray Cochran, the city finance director, says he thinks that the bid review committee will start meeting about the submittals this week. He is on the committee along with city council officials and residents, and members from the Pontiac Growth Group, Oakland County Economic Development and Michigan Economic Development Corp.
The companies who asked to participate in this round include:
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