Williams & Williams, the premier brand in real
estate auctions, is selling the Silverdome in Pontiac, Mich., and 127+/- surrounding
acres, through an Absolute, No Reserve Auction in partnership with CB Richard
Ellis on behalf of the City of Pontiac.
Willimas & Williams is accepting sealed bids for
the Silverdome Auction through Thursday, Nov. 12 at 4p EST. At that time, the
City of Pontiac, in its sole discretion, may declare the high bidder the winner
and end the auction or the city may elect to invite no more than the top five
high bidders to a live “best and final” outcry auction held in Pontiac on
Monday, Nov. 16, 2009 at 1p EST at the Marriott Hotel.
Considered an excellent high-profile redevelopment
opportunity, the Pontiac Silverdome, an 80,300-seat stadium, is prominently
situated on 127+/- acres accessible by I-75 and M-59. The “gateway
site” will lend interested buyers an array of development options.
“We are excited about the Pontiac Silverdome Auction and
finding a new owner to become a key member of our community,” said City of
Pontiac Emergency Financial Manager Fred Leeb. “The decision to sell via
absolute auction illustrates our commitment to sell the stadium and convert an
expense into a vibrant future development.”
According to Dean C. Williams, Chairman and CEO of
Williams & Williams, “We are pleased to sell and find a steward for this
property. It is an excellent opportunity for the people of Pontiac and
investors worldwide. This signifies a new chapter for the community and we are
proud to be a part of it.”
Interested bidders should contact Dan Falls of
Williams & Williams at 918.362.6558 or go to www.williamsauction.com/silverdome
for bid package.
Location: SinglePost
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