By Associated Press
Pontiac, MI – PONTIAC, Mich. (AP) The former home of the Detroit Lions will be sold at auction to the highest bidder regardless of the price.
Pontiac Emergency Financial Manager Fred Leeb tells the Detroit Free Press the suburban Detroit city is "excited about the upcoming sale of the Silverdome."
The city spends about $1.5 million annually to maintain the empty structure, which stands on 127 acres.
Tulsa, Okla.-based Williams & Williams is conducting the auction and accepting sealed bids through 4 p.m. on Nov. 12. The top five bidders may be invited to a live auction on Nov. 16.
There is no minimum bid, but a $250,000 deposit is required to tour the facility.
Pontiac has tried repeatedly to sell the 80,000-seat domed stadium since the Lions left in 2002 to move to Ford Field in Detroit.
Information from: Detroit Free Press, http://www.freep.com