18 June 2010

Detroit Invites Bids for Tiger Stadium Site

Bloomberg Business Week
Bidder up! Detroit is officially seeking bids for the former Tiger Stadium site.

The Economic Development Corp. said in a statement Thursday that the 9.5 acre site at the corner of Michigan Avenue and Trumbull has no specific restrictions on potential uses but city officials anticipate a mixed-use project.

The statement says all proposals "must include a substantive financial plan."

The site is exempt from most state and local taxes for 12 years.

Applications are due by Aug 2. The EDC will hold a mandatory pre-submittal meeting on July 14.

Tiger Stadium opened in 1912 as Navin Field. The Tigers left for Comerica Park after the 1999 season. The last portion of the stadium was demolished last September.

No comments: