Chicago man pays another $100,000 on ex-Packard plant PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 07 November 2013 07:31

DETROIT (AP) — Wayne County officials say a Chicago developer has made another $100,000 payment on his $2.003 million bid for a sprawling former Detroit car plant.

Authorities have been giving William Hults extensions on the deadline to pay for the property. He made a $100,000 payment earlier as well.

The Detroit News reports that county Treasurer Raymond Wojtowicz says the county continues to work with Hults and hopes the public understands that "patience is sometimes required" in such a big transaction.

A Texas doctor's $6 million top bid on the blighted property was thrown out last month after she missed a payment.

The No. 3 bid is $2.002 million by Fernando Palazuelo of Peru.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Front Page Stories

Body of BGSU student found
07/23/2014 | Sentinel-Tribune Staff
article thumbnail

A missing poster for Cory Barron, is posted on a light pole along West 6th Street in Cle [ ... ]


Chinese lanterns may have ignited fire
07/23/2014 | PETER KUEBECK, Sentinel Staff Writer
article thumbnail

File photo. A firefighter is seen near a fire engulfing a pallet yard on West Broadway S [ ... ]


Other Front Page Articles