DETROIT -- The owner of Detroit's blighted Packard car plant complex says he hopes to finish a master redevelopment plan for the site within three to four months.
The Detroit Free Press reports (http://on.freep.com/1mktDc9 ) Fernando Palazuelo discussed his timeline Thursday night at the Freep Film Festival, which is produced by the newspaper. Palazuelo spoke during a panel discussion after the premiere of the documentary "Packard: The Last Shift."
Palazuelo says he'll be ready to meet with potential tenants after the plan is finished. He plans to seek financing after the first tenants commit.
Palazuelo, a developer from Peru, bid $405,000 for the property last year during a tax foreclosure auction.
The plant was built in 1903. The last Packard automobile was built there in the mid-1950s. Smaller industrial businesses used it afterward.
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