The city of Sapporo formally announced yesterday that they are looking for companies to bid on naming rights for Sapporo Dome.
Requirements for prospective bids: must be worth 500M yen or more per year; contract must be for 5 or more years; and Sapporo Dome needs to be in the name. Companies that submit bids do not need to be located in Hokkaido.
Sapporo will accept bids between 1/11/2011 and 1/28/2011 and will select the winning bid in February. A contract will be signed during March and the new name will go into effect beginning on 4/1.
The city was prepared for a no bid situation due to the poor economy, but after Yuki Saito (1st round) was drafted by the Nippon Ham Fighters, they're apparently feeling much better about their chances of finding an interested company.