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.
buy xifaxan online https://nouvita.co.uk/wp-content/languages/new/uk/xifaxan.html no prescription
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.
- Photos: Explore the cavernous Packard Plant
- Packard Plant fetches $21,000 bid from anonymous investor
- Packard Plant burns; developer misses deadline to buy ruins
- Search for $10,000 leads to dingy sofa at Packard Plant
- Scrapping industry fights off new reforms
- Bing’s administration won’t stop illegal scrapping that is endangering Detroiters
- Investigation: Scrapyard near abandoned Packard Plant dishes out cash for stolen metal
- Investigation: Thieves tear apart Packard Plant for scrap metal in broad daylight; neighbors at risk
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.
4 Responses to "Wayne County cancels $6M bid for Packard Plant in Detroit"