Topic - Fernando Palazuelo

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Groundbreaking kicks off Packard Plant redevelopment

By COREY WILLIAMS - Associated Press

This April 4, 2017 photo in Detroit shows the vacant Packard car plant on the city's east side. Fernando Palazuelo's optimism, and $405,000 at a tax foreclosure auction, appeared to resuscitate life in the rusted iron lung of the hulking and crumbling car plant. That was more than three years ago and promises by the Peruvian developer to replace the symbol of Detroit's urban decay with bright apartments, busy shops and art galleries have yet to rise from the building's rubble. (AP Photo/Corey Willams)

Detroit Packard car plant still in ruins 3 years after sale

By COREY WILLIAMS - Associated Press

Detroit Free Press staff photographer Brian Kaufman speaks during a panel discussion following the debut of 'Packard: The Last Shift' at the Detroit Free Press inaugural Freep Film Festival on Thursday March 20, 2014 at The Fillmore Detroit. The film festival will showcase Detroit and Michigan-themed documentaries along with film discussions and panels. (AP Photo/Detroit Free Press, Ryan Garza) DETROIT NEWS OUT; NO SALES

Timeline set for Packard redevelopment master plan

Associated Press

FILE - In this Jan. 26, 1999 file photo, Dominic Cristini stands outside the Packard Motor Car Co. factory in Detroit. The Detroit Free Press reports, Wednesday, March 5, 2014, that Cristini wants Fernando Palazuelo, the owner of the Packard car plant complex, to pay for a piece of the land that Cristini says he still technically owns. Cristini says he could make a claim of ownership over most of the property. Palazuelo, a developer from Peru, bid $405,000 for the property last year during a tax foreclosure auction. He says Cristini wants $3.5 million and calls it &quot;typical blackmail.&quot; (AP Photo/Carlos Osorio, File)

Dispute delays redevelopment of Packard plant

Associated Press