Packard Plant sale delayed again as bidder misses deadline - Dallas News | myFOXdfw.com

Packard Plant sale delayed again as second-place bidder misses deadline

Posted: Updated:
An aerial view of a portion of the 3,500 acre Packard Plant site An aerial view of a portion of the 3,500 acre Packard Plant site
(WJBK) -

The Packard Plant sale is delayed again as William "Bill" Hults has missed a Tuesday deadline to pay a second nonrefundable deposit.

The Chicago-area developer has already paid $100,000 in nonrefundable deposit funds. The remaining portion of his bid, approximately $1.9 million dollars, was due Monday, but Hults requested an extension to come up with the funds.

Wayne County granted him the extension on the condition he pay another deposit of $300,000.

That is the deadline Hults has now missed. Fox 2 is told Hults has requested a meeting to discuss the status of his bid later to happen later Tuesday or Wednesday.

If the transaction continues and is completed he hopes to turn the 3,500 acre site into a commercial, housing and entertainment complex.

  • Local NewsLocal NewsMore>>

  • Detroit police seek missing Amber Smith, 29

    Detroit police seek missing Amber Smith, 29

    Tuesday, September 2 2014 1:18 PM EDT2014-09-02 17:18:21 GMT
    Detroit police are asking for the public's help locating 29-year-old Amber Smith.
    Detroit police are asking for the public's help locating 29-year-old Amber Smith.
  • YOUR PHOTOS: First day of school 2014

    YOUR PHOTOS: First day of school 2014

    Tuesday, September 2 2014 11:08 AM EDT2014-09-02 15:08:59 GMT
    It's back to school day!Many kids are heading back to school today. Is yours? We'd love to see your Back to School photos.
    It's back to school day!Many kids are heading back to school today. Is yours? We'd love to see your Back to School photos.
  • Detroit's historic bankruptcy trial begins

    Detroit's historic bankruptcy trial begins

    Tuesday, September 2 2014 10:53 AM EDT2014-09-02 14:53:37 GMT
    The trial to determine whether bankrupt Detroit's restructuring plan will be approved began earlier this morning.

    The trial to determine whether bankrupt Detroit's restructuring plan will be approved began earlier this morning. Follow live Tweets from the courtroom here. >>
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

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