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The Hults Remains Terrible at Paying For Packard Plant

After obtaining an extension for putting down the full amount needed to buy the Packard Plant, the Hults failed to turn in a deposit of $300,000 yesterday which was needed to buy him the extra week. Will Wayne County finally stop playing games with bidders and just sell the 3.5 M square foot complex already? The next person in line to buy was a bidder named Fernando Palazuelo. The Detroit News was reporting the Hults dough as a no show at 6:00 pm last night. The Treasurer's office said they would review options today. Hults will not be refunded an initial $100,000 deposit if the deal falls through. The purchase price was supposed $1.9 million.
· Packard bidder still hasn't wired $300K deposit [The Detroit News]
· Hults Hangs on to Packard Plant Deal, Still Owes More Money [Curbed Detroit]

Packard Automobile Plant Detroit

E Grand Blvd & Concord St. , Detroit, MI