Herb Strather
Unquestionably, Detroit has a problem collecting taxes.
That being said, it's interesting that a businessman who won a tax-auction of tax-foreclosed, blighted properties, has substantial tax debt himself, The Detroit News reports.
Christine MacDonald writes that onetime casino investor Herb Strather, who met a deadline Wednesday for a down payment of 10 percent of the $3,183,500 he bid to buy 6,350 dilapidated properties, has at least $300,000 in recent tax liens and court judgments,
But she reports that Strather says his company, Detroit Bundle LLC, has the resources to renovate salvageable properties and demolish dangerous ones.
“Our partners have plenty of money,” said Strather, who was an owner of the Hotel St. Regis that went into receivership in 2009.
