Detroit Packard Plant Buyer Says He’s No Dreamer

Untitled-1“Fernando Palazuelo, a developer who lives in Lima, Peru, and founder of Arte Express, talks with Bloomberg’s Chris Christoff about his purchase of Detroit’s abandoned Packard plant. Palazuelo paid $405,000 in a tax foreclosure sale to obatin the industrial wreck. He plans to transform it into a center for automotive suppliers, offices and shops”

http://www.bloomberg.com/news/videos/b/25912ed9-66f6-4f10-a917-736fc7832fb4

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