Packard Plant sold... for OVER $6,000,000 [Update: No it isn't]

**401don** · October-30-13, 02:07 PM

At least they are holding discussions with the 2nd and 3rd bidders, which is what I suggested, instead of automatically reverting to the 2nd highest bid.

**Honky Tonk** · October-30-13, 02:21 PM

Originally Posted by 401don

At least they are holding discussions with the 2nd and 3rd bidders, which is what I suggested, instead of automatically reverting to the 2nd highest bid.

I'm not sure of the legal ramifications if it doesn't go to the 2nd highest bidder, but that's exactly what they should be doing. Interview the interested parties, ask to see a game plan, see if it's workable and financially sound. The highest bidder, just like the lowest bidder, isn't always the wisest choice.

**48202** · October-30-13, 05:59 PM

Originally Posted by Honky Tonk

I'm not sure of the legal ramifications if it doesn't go to the 2nd highest bidder, but that's exactly what they should be doing. Interview the interested parties, ask to see a game plan, see if it's workable and financially sound. The highest bidder, just like the lowest bidder, isn't always the wisest choice.

The only game plan the county is looking for is cash dollars. If Hults coughs up $2,000,300, he gets it. If not, Palazuelo can cough up $1000 more than the fourth place bidder's high bid, and get it.