![]() While the investors are expected to get an extension after missing Monday's deadline to come up with cash, officials for the city and surrounding Wayne County seem comfortable the offer is real.Įven those who aren’t familiar with the factory itself will remember the legendary “Rosie the Riveter,” the iconic representation of women who “manned” assembly lines across the country during World War Two. Investors are hoping to purchase the site and develop a factory to construct modular homes. The abandoned Packard Automotive Plant on Sept. But authorities received an unexpected offer of $6,038,000 – and from a particularly surprising source: a Texas family doctor who reportedly will team up with “partners and investors from Detroit, Wall Street and international firms,” to turn the decrepit hulk into an “economic engine” that could become part of what many hope is the nascent revival of Detroit. ![]() So, when an auction was held for the remains this month it was anything but certain an acceptable bid would come along. Today, parts of the facility have already caved in – partly due to the effects of time, but also due to vandals, fire and the city’s own on-and-off efforts to scrap the plant. The 100-year-old Packard plant served as both an assembly line, corporate headquarters and even had a test track on its vast roof. Nowhere is that more obvious than on Detroit’s crumbling east side, once the heart of its manufacturing base. (Read also: Detroit's finances 'shocking,' city manager testifies) military effort during both World Wars, but many of the factories that rolled out bombers, tanks and other war machinery are long gone and of the few that remain, most are in fading condition. That manufacturing prowess was central to the U.S. At their peak, factories in Detroit and its suburbs produced millions of cars annually.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |