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Packard Plant's new owner networking at auto show as redevelopment project needs $350M


Among the thousands of international visitors in Detroit this week for the North American International Auto Show is Fernando Palazuelo, the colorful new owner of the Packard Plant ruins on the city’s east side.

The Spanish-born developer plans to spend his time networking with industry executives and aggressively pitching his vision for redeveloping the 40-acre site with modern factory space to attract auto suppliers and other manufacturers back to Detroit.

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