A prospective buyer of a sprawling former car plant that for years has been a symbol of Detroit’s decline says he plans to live at the site as he redevelops the property.
Officials have turned to yet another bidder after a Chicago developer missed a payment deadline in his bid for the crumbling Packard Plant.
A Chicago developer hoping to buy the crumbling Packard Plant has received another extension.
It remains to be seen whether Chicago developer Bill Hults will buy Detroit’s defunct Packard plant.
Chicago area developer, William Hults made the $100,000 down payment towards the $2 million purchase price of the dilapidated Packard plant along East Grand Boulevard in Detroit.
An extension has been granted for the man who wants to buy Detroit’s old Packard Plant.
The Wayne County treasurer’s office is canceling a $6 million online bid for the old Packard plant in Detroit.
Wednesday marks a deadline for the group to pay a large chunk of the $6 million winning bid for the crumbling Packard Plant.
A former auto plant — now a symbol of Detroit’s economic decline — has a new owner.
A former car plant that’s a symbol of Detroit’s industrial decline could be sold for as little as $21,000 after failing to get bids in an initial public auction.