Have you ever wanted your very own collapsable factory complex? Now is your chance: the Packard Plant's 40-plus acres will be bundled together and put up for bid at the Wayne County tax foreclosure auction this fall. The Packard's lengthy list of amenities includes an abundance of asbestos, thousands of tires, and the thrilling mystery of not knowing exactly what industrial contaminants are lurking underneath all of the asbestos and tires. Interested parties can nab the factory during the auction's first round, where the starting bid will be equal to the factory's unpaid taxes--about $975,000. That seems unlikely. If the Packard is to find a buyer, it'll probably be in the auction's second round, when back taxes are cleared and properties start at $500. With 43 parcels, bidding on the Packard would start at $21,500. Interested? Check out the the Packard's properties on Why Don't We Own This.
· Packard plant among parcels up for auction of foreclosed properties [Crain's]
· Why Don't We Own This? [Official]
Filed under:
Loading comments...