A Dunedin business group fears the site of the former Carisbrook stadium might lay idle for years.
The tender process for selling the historic sportsground closes on Friday.
Dunedin City Council hopes to recoup the $7 million spent buying it two years ago.
The principal agent of Colliers International, Stephen Cairns, says he has a handful of interested buyers but the tender process is not likely to yield an immediate sale.
Otago Chamber of Commerce chief executive John Christie fears the stadium site will be bought by someone who will leave it derelict for years until demand for the land picks up.
However Dunedin mayor Dave Cull says no-one buying it could afford to sit on it for long because it would tie up money in debt, as it has for his council.
Mr Cull won't rule out selling the stadium for less than $7 million to get it off their hands.
