Quote Originally Posted by Danny View Post
I know this problem will going to happen. That will be a lesson to Detroit City Council. Never sell a property to anyone who has no idea what their plans are. Especially to foreigners.
Perhaps he was just a speculator, buying cheap in the hope that it would rebound one day. Maybe he just gambled and lost. It's hard to know what he was thinking, like why he bought-into the Packard but bought nothing downtown. Then again, doesn't he have a track record of successful 'turnaround' deals on fixing up properties that he sees some promise in?