8:50 a.m. An offer by Bidder 5 after 8 a.m. pushed the latest high offer to $725,800 for the old federal courthouse. The online auction closing time has been reset to 8:21 a.m. Saturday unless there are more bids.
6:10 a.m. The price took another $25,000 jump early Friday morning when Bidder 3 offered $700,800 for the old federal courthouse. Closing for the online auction has been extended to 12:08 a.m. Saturday unless there are more bids.
INITIAL REPORT: Bidding intensified Thursday to buy the former federal courthouse in downtown Billings, and by 9 p.m. bidder 5 had offered $675,800.
That was nearly double the bidU of $350,509 that was the high bid all day.
The online auction by the federal General Services Administration will continue until there are no additional bids for 24 hours.
Two bidders, known publicly as numbers 2 and 3, kept topping each other when the bidding hit $125,509 on Wednesday. Bidder 3 submitted the $350,509 offer. The auction drew two other bidders who each submitted a bid early in the sale.
GSA is selling the former James F. Battin Federal Courthouse at 316 N. 26th St. The five-story, 221,000-square-foot building is contaminated with asbestos, which led to the construction of a new, $80 million courthouse about a block south at 2601 Second Ave. N.
U.S. Department of Interior employees still working in the old courthouse will be moving later this spring to a new $30 million office building under construction at 2021 Fourth Ave. N.
Information about the auction is available on line at RealEstateSales.gov or PropertyDisposal.gsa.gov.