Detroit's Packard plant could be sold for $21,000
Written by Associated Press   
Friday, 27 September 2013 06:42

DETROIT (AP) — A former car plant that's a symbol of Detroit's industrial decline could be sold for as little as $21,000 after failing to get bids in an initial public auction.

The Detroit News and Detroit Free Press report the property is to be listed as a package of 42 parcels during the second round of the Wayne County treasurer's tax foreclosure auction, which starts Oct. 8.

The online auction runs until Oct. 25. Bidding started at $1 million for the first round of the auction, which ended Thursday.

The property went to auction after Evanston, Ill.-based developer Bill Hults earlier missed a deadline to come up money to acquire the property. He's leading a group that wants to convert the Packard plant into a commercial, housing and entertainment complex.


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 This material may not be published, broadcast, rewritten or redistributed.

 

Front Page Stories

Differing beliefs ...same walk of faith
04/19/2014 | BILL RYAN Sentinel Religion Editor
article thumbnail

Bruce McDaniel, pastor at Christ United Methodist Church in Portage, carries a cross alo [ ... ]


BG school board renews contracts
04/19/2014 | MARIE THOMAS BAIRD Sentinel Education Editor

The Bowling Green Board of Education has renewed the contracts of several administrators.
Contract ex [ ... ]


Other Front Page Articles