Wednesday, December 18, 2013

Packard Plant Buyer Is "Best Opportunity in the Whole World"

At least that's what developer Fernando Palazuelo tells Bloomberg about his latest purchase.

He also goes on to talk about his plans, which include a go-kart track and living on-site while the work is being done.  Palazuelo's observation that the plant complex is structurally intact is definitely arguable, however.  And George Jackson, who today is head of the Detroit Economic Growth Corporation but might soon be fired by incoming Mayor Mike Duggan, is apparently dubious about the whole project.

Link:
http://www.bloomberg.com/news/2013-12-17/packard-plant-buyer-predicts-rebirth-for-symbol-of-detroit-decay.html