There are plenty of skeptics when it comes to development of the sprawling east side Detroiit eyesore known as the Packard Plant. They think it won't or can't be done.
But their views could soon change, JC Reindl of the Detroit Free Press writes:
A planned 10- to 15-year redevelopment of the property could get under way if Detroit City Council acts next month on a tax-freeze plan that would cover the project’s first phase, said Kari Smith, director of development for Arte Express Detroit, the firm belonging to plant owner Fernando Palazuelo.
“We expect it’s going to take a number of years to pull a profit — but that’s not our main goal,” Smith said. “Our main goal is the architectural renovation of these buildings and the benefits that this transition is going to have for the community.
