DETROIT, MI - SEPTEMBER 04: Ruins at the abandoned Packard Automotive ...
The abandoned Packard Automotive Plant on Sept. 4, 2013 in Detroit. It was a 3.5 million square foot car manufacturing plant built in 1911.
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#1 Oct 29, 2013
This is an interesting prospect. A doctor from far away Texas bids $6 million on our 102 year old hulk. We have all seen pictures of the ravished interior. Are we missing something? Is any of that 3.5 million square feet worth saving? At $1.71 per foot that would be a deal if usable. And it has 35 acres. That could be helpful for storing material and work in process in building modular homes. Shipping and rail are close.
No tax rebates were talked about. The income tax alone is a big factor. Talk was about 6,000 employees at full tilt. Are they Detroiters, Houstonians or suburbanites?
The cash was not tendered by today as required, but the city is so eager to score that $6 million that they overlooked that tiny point so far.
#2 Oct 29, 2013
A Doctor with a manufacturing background ehh? Sounds fishy to me. She's probably a front man for Kwami's wife.
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