Thus far — now adjourning for 15 minute break.
Bidder # 1$6.5 Million
Bidder # 2 represented by Advanced Real Estate Services $17 Million
Bidder# 3 Tel Phil Enterprises $1,000 (yes, just $1,000)
Bidder # 4 represented by Facilities Management West $55 Million
Bidder # 5 represented by Anaheim Sports Holding $20 Million
Bidder # 6 represented by Craig Realty Group $42.5 Million
Bidder # 7 represented by Ford and Molrich $2 Million
Following the break, active bidding begins.
The current high bid document will be announced (Bidder 4 at $55 Million), then state will ask bidders if they want to increase bids.
More later.