Re: Packard Plant (Maybe) Sold - $6.0 Million

Posted by RogerDetroit On 2013/10/31 21:54:18

Wayne County is giving the Chicago developer until 3:00 PM Friday to put down a non-refundable $100,000 deposit AND prove he has the $2.0 million to and will pay it by 3:00 PM next Monday.http://www.detroitnews.com/article/20131031/METRO01/310310103/Developer-gets-more-time-complete-Packard-Plant-purchase?odyssey=tab|topnews|text|FRONTPAGE

This same guy could not cough up $1.0 million several weeks ago to buy the property. So it is anybody's guess as to how he will find double that amount in the next several days.

Meanwhile, if he does not come through, the County will go to the 3rd highest bidder ($2.0 million) a guy from Peru.http://www.freep.com/article/20131031/BUSINESS06/310310112/Packard-plant-deal-Peru-Chicago-bid

The more I read about the EGB plant the more I am convinced we need to save the Packard Proving Grounds in Utica.