Under Detroit’s emergency manager, the city shut off water to more than 18,000 residents for delinquent bills.
Peru-based developer Fernando Palazuelo is more than $80,000 delinquent on property taxes and late fees on the abandoned Packard Plant that he purchased six months ago at a tax-foreclosure auction.
The winning bidder raised red flags after a rambling statement about a “prophesy” to save Detroit.
All houses and buildings started with a $500 bid. There were bargains, surprises and duds.