While there were many proposals tossed around to redevelop thestadium into a mixed-use residential/retail complex, the city hasnow received figures for demolition of the 89-year-old stadium.

Sylvia Crawford, a city of Detroit spokeswoman, says theestimates the city has received to tear down the park are between$2 to $6 million.

"These weren't official bids to demolish the structure, we justwere interested at what costs would be involved if it came tothat," Crawford says. "Demolition has always been an option. Wecan't just let the building sit and become dilapidated."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.