Peruvian next up to buy Packard Plant after missed deadline

But will the Wayne County treasurer enforce the deadline and invalidate the bid of Chicago-area investor Bill Hults?

But will the Wayne County treasurer enforce the deadline and invalidate the bid of Chicago-area investor Bill Hults?

The symbol of Detroit’s industrial decline attracted 111 bids from around the world.

Whoever wins the auction will inherit hefty costs, from demolition to a six-figure tax bill.

It was back to usual at the abandoned, sprawling Packard Plant on Detroit’s east side.

Time is running out for a developer to transform Detroit’s symbol of industrial decline into housing, restaurants, retail space, offices and a hotel.