Second-place bidder for Packard Plant pays deposit - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Second-place bidder for Packard Plant pays deposit

Posted: Updated:
An aerial view of the Packard Plant An aerial view of the Packard Plant
DETROIT, Mich. (WJBK) -

Wayne County officials say the second-place bidder has paid the required deposit for the Packard Plant.

William "Bill" Hults came to the building around 4:45 p.m. Friday and made a nonrefundable payment of $100,000. Hults is to pay the remaining funds by Monday.

Hults is a developer from Chicago and owns Packard Detroit LLC. His bid of just over two million dollars came in second place after a doctor's bid from Texas of over six million dollars. Dr. Jill Van Horn failed to pay the deposit earlier this week.

If Hults pays the remaining funds and the deal goes through he hopes to turn the 35 acre site into a commercial, housing and entertainment complex.

  • Local NewsLocal NewsMore>>

  • M-1 rail project to begin

    M-1 rail project to begin

    Tuesday, July 22 2014 8:31 AM EDT2014-07-22 12:31:11 GMT
    Woodward Avenue in downtown Detroit will soon be shut down for four months.
    Woodward Avenue in downtown Detroit will soon be shut down for four months.
  • Recalled: Fresh fruits sold at Trader Joe's, Costco & Sam's Club

    Recalled: Fresh fruits sold at Trader Joe's, Costco & Sam's Club

    Tuesday, July 22 2014 7:37 AM EDT2014-07-22 11:37:54 GMT
    A California company is recalling fresh fruits nationwide due to possible listeria contamination.
    A California company is recalling fresh fruits nationwide due to possible listeria contamination.
  • Pensioners approve Detroit bankruptcy plan

    Pensioners approve Detroit bankruptcy plan

    Monday, July 21 2014 11:39 PM EDT2014-07-22 03:39:04 GMT
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. A judge still must hold a trial to determine if Detroit's overall bankruptcy plan is fair and feasible, but support from retirees is vital.
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. A judge still must hold a trial to determine if Detroit's overall bankruptcy plan is fair and feasible, but support from retirees is vital.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices