photo via Wikimedia Commons
Bill Hults twice attempted and twice failed to buy the Packard Plant because he didn't have the cash. Things may work out for Hults as he's reportedly secured the purchase of fairly nice consolation prize, an old Cadillac stamping plant.
Curbed Detroit: If Hults really did buy this place (we'll believe it when someone other than Hults confirms it), he was almost certainly working on that deal in secret while publicly wasting everyone's time pretending to buy the Packard.
The Hults is already rambling on about the $40M he'll spend reconfiguring the factory to churn out precast concrete homes, his signature product. At first glance, the Cadillac Plant appears to be a more realistic project than the Packard. It's relatively intact, isn't on fire, and comes with a tiny abandoned neighborhood that once held worker housing.
Crain's Detroit Business confirms that sale and that "greedy investors" thwarted his purchase of the Packard Plant. Sure, why not. Whatever helps you sleep at night, Hults.
