The crumbling Packard Motor Plant in Detroit, built in 1905 but closed in 1956, had tenants until the late 1990s and is now set to become a facility to build modular homes and offices. A family doctor from Texas, along with several investors, won the bid at $6 million for the sprawling old factory, according to detroitnews. Although the money has not been received yet, the county will require the new owners to either secure or demolish the structure within six months or the county can seize the property. Surprisingly, last month it could have been bought for $1 million, the cost of the back taxes, MHPronews has learned. The real estate went on the auction block after the previous owner missed tax deadlines. No time line was given for when the modular home business may commence.
(Photo credit: Donna Terak/detroitnews.com–old Packard Plant)