Detroit's Packard Plant Is On Wayne County's 2019 Foreclosure List

A bonus pod this Friday, January 25, 2018.

Despite its new owner's promises to build a brewery, office space, a hotel and more, Detroit's infamous Packard Plant is once again subject to foreclosure by Wayne County in 2019, according to notices published in the Detroit Legal News last month.

That's due, at least in part, to unpaid bills to the Detroit Water and Sewerage Department. But the amount shows up as tax liability.

Although we haven't been able to confirm the total owed for the water and sewage bills, adding up records found on Loveland's property website shows that Arte Express owes $302,434 as of August 2018. That's across a variety of properties that make up the north and south sides of the sprawling Packard facility.

The Detroit Water And Sewerage Department said they wouldn't be able to confirm the total amount owed across the numerous properties that make up the plant by the end of today. We've identified 42 parcels owned by Arte Express at the Packard Plant, with 41 subject to foreclosure on March 31, 2019.

This includes the administration building that the pedestrian bridge fell from earlier this week at 1580 East Grand Boulevard. That parcel is listed as owing $5,587.99.

Peruvian developer Fernando Palazuelo and his Arte Express company purchased the complex out of foreclosure in 2013 for $405,000.

More: http://www.dailydetroit.com/2019/01/25/detroits-packard-plant-is-on-wayne-countys-2019-foreclosure-list/