|Chicago man pays another $100,000 on ex-Packard plant||| Print ||
|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 This material may not be published, broadcast, rewritten or redistributed.
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