Silverdome sale saga continues

from today's GlobeSt. (2/26):

Last updated: February 26, 2008 11:31am

City Takes Another Turn With Silverdome Bids
By Robert Carr

"PONTIAC, MI-After numerous bid offer rejections and massive plan announcements that died out like slowly-leaking balloons, the Pontiac Silverdome site is still vacant since 2002, and the recent release of six more proposals is almost too reminiscent of the Boy Who Cried Wolf. The local office of CB Richard Ellis here took on the task last year to try to boost attention to the stadium, the former home of the Detroit Lions football team, but even the national company hasn’t been able to secure a deal with the local City Council.

Earlier this month, the council rejected another seven bids that were made in October with plans that included a convention center, hotel, stores, offices, theaters, housing and even racetracks and aquariums, by companies such as Danou Enterprises. It’s not clear how many proposals the council has already rejected in the five years, but the number is at least more than 20, and could be more than 30.

Now, CBRE says the city has received five more proposals to purchase the site, and one lease plan. The submissions were received from Stuart Frankel Development Co., United Assurance Co./International Synergy Holding Co. Ltd., US Hospitality Inc., Global Baseball Inc., Silver Stallion International LLC and, again, Danou, under the cover of the company Smart Park International LLC. The proposals reportedly include a roughly $500-million plan by United Assurance to build a video-game/live broadcast theme park, and office parks and retail developments." ....

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