New owners shares plans for Packard Plant despite still owing ta

New owners shares plans for Packard Plant despite still owing taxes

Posted: Updated:
DETROIT (WJBK) -  The owner of Detroit's largest crumbling structure says he has big plans for the historical Packard Plant.

"To create a whole complex for young people, artists, school, recreational, commercial - I mean, everything fits together," says Fernando Palazuelo.

Wednesday evening he discussed new signs he says will be put up early next week. Palazuelo tells Fox 2 he plans to clean it up, open offices and move in himself before winter.

"We are going to start by converting the bridge over Grand Boulevard and Concord. ... We will convert the old headquarters of the Packard Plant Corporation into our offices," he says.

But Palazuelo, who purchased the former automotive hub back in December for $405,000 is said to owe roughly $90,000 in property taxes.

Wayne County Deputy Treasurer David Szymanski says Wednesday the county is simply responsible for collecting the taxes owed and Palazuelo, upon purchasing the property, took on those taxes for 2013, taxes based on the city's assessment of the property's value.

"My lawyers are taking care of this with Wayne County since January," Palazuelo says.

The county, filing suit on 22,000 properties in the city last week, says a 30-day notice will be sent to Palazuelo next week and if he doesn't pay or an agreement isn't reached, an order will be issued to return the 40-acre property.

"I'm sure that they will get an agreement, final agreement, in the next week. This will be paid, I don't know if 90,000 [dollars] or 75,000 [dollars]," Palazuelo says.

Palazuelo admits to filing for bankruptcy before, and admits still owing millions on some of his other 22 properties in Peru and Spain, but he is confident this will be straightened out. Palazuelo says his plans for Detroit over the next 10 years are grand and will be starting soon.

"We are working with the Detroit Symphony Orchestra to have, before the winter, a little concert at the Packard Plant - on the ruins, which is going to be a contrast - and then a big concert next year once the winter is over," Palazuelo says.

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Duggan bringing big changes to Detroit water department, starting with shutoffs

    Duggan bringing big changes to Detroit water department, starting with shutoffs

    Tuesday, July 29 2014 8:51 PM EDT2014-07-30 00:51:24 GMT
    Detroit Mayor Mike Duggan is promising big changes at the water department, starting with the controversial shutoffs."Certainly it has hurt the reputation of the city," Duggan said. "I have been anxious to do something about it for awhile and I am just glad I have a chance to do it,"Emergency Manager Kevyn Orr handed over the water department to the mayor and City Council TuesdayDuggan says better publicizing assitance programs is the biggest priority."I still don't think the people in need h...
    Detroit Mayor Mike Duggan is promising big changes at the water department, starting with the controversial shutoffs."Certainly it has hurt the reputation of the city," Duggan said. "I have been anxious to do something about it for awhile and I am just glad I have a chance to do it,"Emergency Manager Kevyn Orr handed over the water department to the mayor and City Council TuesdayDuggan says better publicizing assitance programs is the biggest priority."I still don't think the people in need h...
  • Construction worker rescued from massive trench collapse

    Construction worker rescued from massive trench collapse

    Tuesday, July 29 2014 8:49 PM EDT2014-07-30 00:49:25 GMT
    Construction workers endured some terrifying minutes in a trench they were working at in West Bloomfield Tuesday afternoon."He was completely buried for upwards of three minutes," said Fire Chief Jay Wiseman.Employees of Daniel White Excavating were laying pipe in a trench -- about 100 feet long and 10 feet deep -- when suddenly , the dirt walls began collapsing on a 39-year-old co-worker and covered him."He actually started moving away from it, and an identical collapse occurred just in fron...
    Construction workers endured some terrifying minutes in a trench they were working at in West Bloomfield Tuesday afternoon."He was completely buried for upwards of three minutes," said Fire Chief Jay Wiseman.Employees of Daniel White Excavating were laying pipe in a trench -- about 100 feet long and 10 feet deep -- when suddenly , the dirt walls began collapsing on a 39-year-old co-worker and covered him."He actually started moving away from it, and an identical collapse occurred just in fron...
  • Michigan girl mauled by raccoon receives wave of support

    Michigan girl mauled by raccoon receives wave of support

    Tuesday, July 29 2014 8:26 PM EDT2014-07-30 00:26:29 GMT
    She told us all she wanted was to wear earrings -- and now she's got a lot of options. We'll show you how Charlotte is healing after surgery to replace her ear... and how you've made a difference. Her story includes a tragic accident, but also a tremendous outpouring of support. The 12-year-old girl from western Michigan who was attacked by a raccoon, shows us how the generosity of others is helping her heal. "This is all the jewelry people sent me," she said. Dozens of pairs of earrings and ...
    She told us all she wanted was to wear earrings -- and now she's got a lot of options. We'll show you how Charlotte is healing after surgery to replace her ear... and how you've made a difference. Her story includes a tragic accident, but also a tremendous outpouring of support. The 12-year-old girl from western Michigan who was attacked by a raccoon, shows us how the generosity of others is helping her heal. "This is all the jewelry people sent me," she said. Dozens of pairs of earrings and ...
Powered by WorldNow
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