Investors scooped up more than 9,000 Detroit homes in a county auction.
But will the Wayne County treasurer enforce the deadline and invalidate the bid of Chicago-area investor Bill Hults?
Chicago-area developer Bill Hults has his eye on Detroit’s east side.
All houses and buildings started with a $500 bid. There were bargains, surprises and duds.
It would be a fitting new chapter for a factory that has come to symbolize Detroit’s decline.
Over the past two months, we’ve chronicled what’s left of the plant – blocks of crumbling buildings, ravaged by scrappers, fire and extreme weather.
The symbol of Detroit’s industrial decline attracted 111 bids from around the world.
Whoever buys the lawless wasteland will incur hefty costs for a property that is constantly on fire and crumbling.
Many of the houses up for auction are dilapidated and structurally unsound.