PONTIAC, MI-The city has received seven bids in its furthereffort to redevelop the former home of the Detroit Lions footballteam, the 80,000-seat Pontiac Silverdome. The city has been tryingto market the 127-acre property since the team left to the new FordField 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 wascontracted tohandle the process for the city. Ray Cochran, the city financedirector, says he thinks that the bid review committee will startmeeting about the submittals this week. He is on the committeealong with city council officials and residents, and members fromthe Pontiac Growth Group, Oakland County Economic Development andMichigan Economic Development Corp.
The companies who asked to participate in this roundinclude:
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