Re: Update on Packard plant

Posted by Tim Cole On 2022/4/6 17:26:51

I always thought Mr Palazuelo's plans sounded crackpot. I think he is just another real estate crook who figured he could use it to get loans that he could use for something else. And collect deposits from people gullible enough to swallow his line of crap. Sound familiar? The place does illustrate that real estate isn't always a great investment.

Obviously, the city will not see a dime from the guy and will foreclose and try selling it to some other crook.