Winning bid for Detroit's Packard Plant canceled - New York News

Winning bid for Detroit's Packard Plant canceled

Posted: Updated:
The Packard Plant, a once sprawling Detroit car plant The Packard Plant, a once sprawling Detroit car plant

DETROIT (WJBK) -- Wayne County officials have canceled a $6 million winning bid from a Texas doctor who wanted to build modular homes and offices at the site of the Packard Plant in Detroit.

Wayne County's Chief Deputy Treasurer David Szymanski says Dr. Jill Van Horn failed to pay a $2 million partial payment by Wednesday's noon deadline. Van Horn, a family practice physician from Ennis, Texas, won the property tax foreclosure auction last week with a bid of $6,038,000.

"Consistent with office policy those bids of the nonperforming bidder are canceled," said Szymanski in a statement.  "This results in the price being lowered to that of the next existing contested bid."

The office says the second-place bid came from Chicago developer William Hults, owner of Packard Detroit LLC, for $2.003 million, but Hults could have bought the land for one million dollars before the auction but could not come up with the cash. Now he'll have to pay two million.

If Hults does not pay, the land could go to the third-place bidder, Peruvian developer Fernando Palazuelo.

Hults has until 4 p.m. Thursday to transfer the funds.

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Baby found in teen's shopping bag called homicide

    Baby found in teen's shopping bag called homicide

    Wednesday, April 16 2014 11:07 PM EDT2014-04-17 03:07:27 GMT
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
  • Chelsea Clinton: I might run for office

    Chelsea Clinton: I might run for office

    Wednesday, April 16 2014 8:36 PM EDT2014-04-17 00:36:50 GMT
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
  • NJ mom charged with trying to kill her 3 teens

    NJ mom charged with trying to kill her 3 children

    Wednesday, April 16 2014 8:25 PM EDT2014-04-17 00:25:35 GMT
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices