Packard Plant bid canceled after Chicago-area investor can’t pay up
![Packard Plant bid canceled after Chicago-area investor can’t pay up Packard Plant bid canceled after Chicago-area investor can’t pay up](https://motorcitymuckraker.com/wp-content/uploads/2013/10/Packard_1699-701x450.jpg)
Next up to buy the Packard Plant is the third bidder – Peru-based developer Fernando Palazuelo.
Next up to buy the Packard Plant is the third bidder – Peru-based developer Fernando Palazuelo.
Bill Hults already paid $200,000 in nonrefundable deposits for the 40-acre ruins.
It would be a fitting new chapter for a factory that has come to symbolize Detroit’s decline.
The carjacking is just the latest attack at what has become a lawless wasteland on Detroit’s east side.