Winning bid for Detroit's Packard Plant canceled - Chicago News and Weather | FOX 32 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>>

  • Jimmy Buffett returns to Comerica Park on July 26

    Jimmy Buffett returns to Comerica Park on July 26

    Thursday, April 17 2014 11:23 AM EDT2014-04-17 15:23:48 GMT
    Jimmy Buffett will take the stage once again this summer at Detroit's Comerica Park. Olympia Entertainment announced Thursday that Buffett and his Coral Reefer Band will play one night only on Saturday, July 26 with special guest John Fogerty.
    Jimmy Buffett will take the stage once again this summer at Detroit's Comerica Park. Olympia Entertainment announced Thursday that Buffett and his Coral Reefer Band will play one night only on Saturday, July 26 with special guest John Fogerty.
  • Body found in Lake Erie, crews look for 3 missing

    Body found in Lake Erie, crews look for 3 missing

    Thursday, April 17 2014 11:15 AM EDT2014-04-17 15:15:54 GMT
    The U.S. Coast Guard says the body of a missing boater has been found in Lake Erie and they're continuing to search for three others off the Ohio shoreline.
    The U.S. Coast Guard says the body of a missing boater has been found in Lake Erie and they're continuing to search for three others off the Ohio shoreline.
  • Police: Break-in suspect shot, dies after crash

    Police: Break-in suspect shot, dies after crash

    Thursday, April 17 2014 10:54 AM EDT2014-04-17 14:54:57 GMT
    Detroit police say a break-in suspect who was shot by homeowner has died after crashing a getaway vehicle into a nearby home on the city's west side.
    Detroit police say a break-in suspect who was shot by homeowner has died after crashing a getaway vehicle into a nearby home on the city's west side.
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

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