Packard Plant Renovations?

This, I will believe it when I see it, but there's a developer in talks to renovate the long-abandoned derelict Packard auto plant.

A Wayne County official expressed cautious optimism today that a Chicago developer will be able to renovate the derelict Packard plant, but only in a deal that would allow the county to take the building back if the development fails to perform.

David Szymanski, the county’s chief deputy treasurer, said the county has been negotiating with Chicago developer Bill Hults to sell him the Packard plant for the amount of delinquent taxes on it, an amount that grows monthly with interest and that now tops $970,000.