The Packard Plant on fire.
Detroit's long-abandoned, oft-on fire Packard Plant may soon have a new owner. An anonymous minimum bid of $21,000 has been made on the 35-acre property.
Freep: Bidding started today and is scheduled to continue through Oct. 25. The property hit the second-round auction because no one wanted it for $1 million in September. That $1 million price tag represented the property’s back taxes, plus interest.
David Szymanski, deputy Wayne County treasurer, said the identities of bidders will remain a mystery until the auction ends and the county settles up with the winners.
Last month, Chicago developer Bill Hults made noises about buying the facility but failed to come with the necessary one million dollar payment before the required deadline.
