The University of Akron’s former football stadium in northeast Ohio is moving closer to demolition that could cost the city hundreds of thousands of dollars. (Sherman Cahal photo)

AKRON, Ohio (AP) The University of Akron's former football stadium in northeast Ohio is moving closer to demolition that could cost the city hundreds of thousands of dollars.

The Akron Beacon Journal reported that the dilapidated Rubber Bowl's current owner, Team 1 Properties, has less than a month to avoid forfeiting the property under a judge's foreclosure decree.

The company's attorney, William Corgan, said it doesn't have the funding to accomplish that by settling back taxes and other costs.

Akron administrators plan to tear down the stadium. That's expected to cost $200,000 initially, and possibly much more to stabilize the property.

The owners had hoped to turn the property into a sports complex or music venue, but those prospects fizzled.

Today's top stories

Construction Jobs Picture Looks Bright, But Where Are the Workers?

Austin's $4B CAP Project Reshapes Highway

ASV Announces 2022 Dealer Award Winners

Phase Two of $464M LA 1 Bridge Begins in Louisiana

H.O. Penn Begins Series of Events to Celebrate 100 Years

McCullough Construction Replacing Swift Creek Bridge

Yonkers Contracting to Perform Bridge Slide On I-95 in Connecticut

Berlon Industries Offers Wide Variety of Unique Attachments