07/17/2013 09:58 am ET Updated Sep 16, 2013

Developer Seeks New Life For Crumbling Packard Plant | The Detroit News


Detroit - -- An Illinois developer is in talks with the Wayne County treasurer to buy the notorious Packard Plant out of foreclosure for its $974,000 unpaid tax bill and convert the decayed landmark into a commercial, housing and entertainment complex.

Bill Hults, of Evanston, Ill., told The Detroit News he's leading a group of investors who want to rehabilitate the crumbling 3.5-million-square-foot plant and build housing nearby. To complete the transformation, Hults has retained the legendary architectural firm that built the complex in 1903, Albert Kahn Associates.

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