Winning Packard bidder plans to manufacture modular homes, offices at site
http://www.freep.com/article/2013102...-Jill-Van-Horn
Looks like she's the front person for a consortium of investors. Do I think this will get paid? I'm being optimistic and saying odds are 60%. This certainly seems much more plausible than the high-end residential proposal from the Chicago investor.
Quote:
The successful bidder for Detroit’s Packard plant announced today that she and her investors plan to transform the abandoned and decayed auto factory into a modern production facility for modular homes and offices.“Modular homes and offices will be constructed on the site and shipped all over the word,” said Davis Marshall, a spokesperson for the winning bidder, Dr. Jill Van Horn of Ennis, Texas.
A family practice doctor, Dr. Van Horn won the property tax foreclosure auction on Friday with a bid of $6,038,000.
Today’s announcement is the first explanation from Van Horn regarding her interest in the Packard plant. The statement says Van Horn is joined by unnamed “partners and investors from Detroit, Wall Street and international firms.”