The city's broker, CB Richard Ellis, said in a statement Monday that the deadline for new proposals is now Jan. 16 at 5 p.m. Proposals must be delivered to the company's Southfield, MI-branch with a deposit of $100,000 made out to Greco Title, according to the statement. This time, the city is requiring applicants to send in proof of financing or proof of funds to be sent to David Domzal with Williams Acosta, the city's attorney firm for this sale.
Local attorney H. Wallace Parker had submitted the most recent winning bid for the Silverdome, once famous for being the first domed stadium with a top held up by air pressure. Parker, through his firm Silver Stallion, had proposed to pay $20 million for the site for a $200 million racing track complex, but he never gained a license. Parker did not finish negotiations with the city within a required November deadline, and there were reportedly claims by both him and Pontiac that the site may hold spilled diesel fuel. A spokeswoman with CBRE refused to answer questions about the new bids, or what happened to Parker's claim to the property. Parker also did not return a call for comment.
It hasn't always been the city's fault; some bidders, with plans ranging from retail centers to entertainment facilities to industrial parks, have backed away from plans at the last minute. Other times city officials have denied all bids and repost the RFP again. With the new question of environmental cleanup, coupled with many developers plans to pullback on new projects, it's not looking like a Silverdome solution will be found this decade; though the city has reportedly promised the sale funds to pay back advances taken from other city funds used for operational costs.
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