WWE reportedly put a $27 million bid on the property, which is $3 million above the minimum price set by the court-approved sale coordinator. There are more than 100 bidders in the running for eight different buildings from the bankrupt developer that were made available for bidding. WWE issued the following statement to The Advocate:
An opportunity arose that made sense for us to pursue. If were successful in the purchase of the building, WWE would become the buildings landlord and assumes the previous owners lease obligations.
WWE reportedly abandoned their plans to begin construction on building their own TV production facility.