Wayne County cancels $6M bid for Packard Plant in Detroit

The Wayne County treasurer’s office has removed a $6 million bid for the Packard Plant because the winner appears unwilling and unable to pay.

The news comes after the winning bidder, Texas physician Jill Van Horn, issued a bizarre, rambling statement about her “prophecy (to) resurrect” Detroit by converting the sweeping auto factory into a site to build modular homes.

Van Horn, of Ennis, Texas, won the auction Friday and said she had investors lined up.

The county is now offering the Packard to the second-place bidder, Chicago developer William Hults, who initially planned to buy the sprawling ruins prior to the auction’s start for $1 million. But financing also fell through with him. His last bid was $2 million before Van Horn entered the auction.

The third-place bidder, who also bid $2 million, is a developer from Peru who has experience turning converting old buildings into new uses.

Stay tuned for updates.

Steve Neavling

Steve Neavling lives and works in Detroit as an investigative journalist. His stories have uncovered corruption, led to arrests and reforms and prompted FBI investigations.

  • dirtydog1776

    More proof that you have to be crazy to want to invest in Detroit. I such a mouthy, naughty little puppy.

  • upsetmumanddad

    Of course this sounded too good to be true. Another disappointment for the city.

  • Detroit Rant

    What is the purpose of bidding if your “unwilling to pay” or “financing falls through” thier should be a clause somewhere to hold these yahoo’s accountable.

  • John Golembiewski

    No surprise.