Whoever wins the auction will inherit hefty costs, from demolition to a six-figure tax bill.
Now the city must make a tough decision – take possession of the property or sell it for pennies on the dollar.
The plan calls for turning the abandoned plant into a sprawling hub for housing, office space and entertainment.
Time is running out for a developer to transform Detroit’s symbol of industrial decline into housing, restaurants, retail space, offices and a hotel.
Packard owner Dominic Cristini was shocked to hear the news when we contacted him this afternoon.
Last week, Bing’s office and the police department told us they were oblivious to a large backhoe and dozens of scrappers who have been aggressively tearing apart the asbesto-laden Packard over the past three months.
The city is preparing to seize the Packard Plant because of unpaid taxes that the owner refuses to pay. He maintains he owes no taxes because the city won’t provide basic services to protect his property from arsonists, vandals and thieves.
To many, the sprawling Packard Plant is nothing more than a dangerous eyesore and an unsettling reminder of Detroit’s tragic decline. To others, it’s an urban playscape. A mammoth canvas. The Great Ruins of Detroit. But to the embattled city, the 40-acre plant is a stark reminder of how broke and powerless the cash-starved government has […]