Bidder must pay $1.8 million today to buy Packard Plant
Bill Hults already paid $200,000 in nonrefundable deposits for the 40-acre ruins.
Bill Hults already paid $200,000 in nonrefundable deposits for the 40-acre ruins.
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.
Tiane Brown was a third-year law student at Wayne State University and was last seen on campus Monday evening.
New concerns were raised after the investors released a rambling, grammatically flawed statement about a “prophesy.”
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.
For whatever reason, the risks aren’t deterring opportunists from profiting off of group tours of the cavernous ruins.