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Developer Seeks New Life For Crumbling Packard Plant | The Detroit News

Packard Plant Revitalization: New Plans Or Just More Pipe Dreams?
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Detroit Editor, The Huffington Post

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DETROIT, MI - FEBRUARY 24: The former Packard Plant is seen on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)

Detroit - -- An Illinois developer is in talks with the Wayne County treasurer to buy the notorious Packard Plant out of foreclosure for its $974,000 unpaid tax bill and convert the decayed landmark into a commercial, housing and entertainment complex.

Bill Hults, of Evanston, Ill., told The Detroit News he's leading a group of investors who want to rehabilitate the crumbling 3.5-million-square-foot plant and build housing nearby. To complete the transformation, Hults has retained the legendary architectural firm that built the complex in 1903, Albert Kahn Associates.

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