First bid for Packard plant: $21,000
Someone has finally bid on the old Packard plant.
A bid of $21,000 was made for the site on Detroit’s east side, according to David Szymanski, Wayne County’s Chief Deputy Treasurer.
The identity of the bidder, and any other potential bidders, won’t be made public until October 25th, when the county’s auction of foreclosed properties ends.
No one offered up the minimum bid of about $1 million during the first auction last month to own the historic but crumbling facility.
Chicago area developer Bill Hults announced plans earlier this month to purchase and re-develop the plant. He promised to turn the hulk into a shopping, residential and commercial complex.
Packard luxury automobiles were built on the forty-acre site until the late 1950s. In the years since, the factory complex, has become a playground for scrappers, graffiti artists and urban explorers.
The dilapidated plant is bounded by I-94 to the north and East Grand Boulevard to the south. It sits just east of Mt. Elliot.
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