Wednesday, October 30, 2013

Packard Plant Bizarreness

So some wealthy woman in Texas purchased the Packard Plant at Auction. She still hasn't paid, and her statement is kind of bizarro and full of typos:
The document, full of typos and titled “The Posential Energy in Detroits Assets,” contains nonsensical passages about her group’s plans for the plant and other vacant properties in Detroit. It mentions Van Horn’s “prophecy” to “resurrect Detroit.”

■ “Dr. Van Horn has assembled the Investment Banks, Hedge Fund Lenders, Private Investors and several Foundations, who intend to merge their financial resources with the local developers in Detroit, to transform the dormant capital the lies in every real estate parcel in the city of Detroit, into a fixed value of capital that will benefit all of the cities residence.”
■ “Now is not the time for native Detroiters to bicker over the price of the Packard Plant. Now is the time to form a coalition made of past and future developers in order to make a change in Detroit.”
■ “Prior to placing the bid on the Packard plant, Dr. Van Horn’s prophecy was to resurrect Detroit by providing education, jobs, vocational training to the city’s residence, simultaneously unplugging the financial arteries of the city.”
■ “Furthermore, if the county doubts that we have the ability to perform, we challenge the county by stating at this time, Dr. Van Horn and her lenders are prepared to travel from Texas to Detroit and sit down with the county and make an offer for every vacant, abandoned and dilapidated apartment building within Detroit.”
Somehow I think she won't end up paying this...we will see.


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