Join The Discussion

 

New retailer, restaurant coming to Sundance Square

Sundance Square announced today it is adding a new retailer and a Korean restaurant to its misx. Women’s retailer White House Black Market will open a 3,815-square-foot store at the corner of Houston

read more >

North Tarrant Express remains ahead of schedule

North Tarrant Express is ahead of schedule, with the $2.2 billion freeway improvement project 88 percent complete and expected to wrap up by year’s end. “We’re at least six months ahead of schedule,” said Heather DeLapp, regional public relations manager with the project.

read more >

AT&T looks to hook up Fort Worth and area cities with fast fiber network

Fort Worth and several area cities are among the 100 cities where AT&T will expand its GigaPower ultra-fast fiber network.

read more >

UT Arlington's new president sets a standard

Since taking the reins as the eighth president of the University of Texas at Arlington nearly a year ago, Vistasp Karbhari is committed to advancing the university’s national and international profile while encouraging and celebrating student, faculty and staff success.

read more >

NYC comptroller questions Texas oil company's NRA giving

ALBANY, N.Y. (AP) — The New York City comptroller has asked a Texas oil company to explain its chairman's reported donations of $1 million each to the National Rifle Association and conservative political action committee American Crossroads.

read more >

 

 

Texas doctor's bid to buy Detroit Packard plant falters

 

DETROIT (AP) — Wayne County canceled a Texas doctor's $6 million top bid for a sprawling former Detroit car plant and says the No. 2 bidder has until Thursday to pay up.

Dr. Jill Van Horn submitted the bid for the Packard complex at a tax foreclosure auction last week, saying she wanted to build modular homes and offices at the site.

The county treasurer's office canceled Van Horn's bid after the family practice physician from Ennis, Texas, missed a noon Wednesday payment deadline, said David Szymanski, Wayne County deputy treasurer. He said the county turned down her request for a 14-day time extension.

"We're not comfortable waiting that long," Szymanski said. "The auction rules called for 24 hours, and we extended her two days beyond that."

Chicago developer William Hults bid $2.2 million, and the county said he must pay by 4 p.m. EDT Thursday, the Detroit Free Press reported.

"He indicated that he did not have it at this time, but he hopes to have it tomorrow," Szymanski said Wednesday.

But Hults told the newspaper he's ready and able to pay up. He said he wants to turn the building into a mixed-use attraction with residential, commercial and entertainment amenities.

"I'm waiting for the number, and I'm waiting for the date that they want it," he said.

The No. 3 bid is $2.002 million by Fernando Palazuelo of Peru.

"I am interested," Palazuelo said Wednesday. "I am holding meetings with the county today and tomorrow."

Palazuelo, the CEO of Arte Express, has worked to rehabilitate dozens of old structures in his native Spain, as well as in Nepal. He told The Detroit News that he has bought, rehabilitated and leased 1.5 million square feet of dilapidated buildings in downtown Lima, Peru, during the past six years.

"He's performed well in Peru, and we'd like to see him bring his talents here to Detroit," Szymanski said.
 

< back

Email   email
hide
Perry vs Cuomo
Texas Gov. Rick Perry has challenged New York Gov. Andrew Cuomo to a debate on economic policy. If it is held, who would win?