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Owner of Packard plant seeking tax freeze for property

File photo of Packard Plant.
Hilary Farrell

The owner of Detroit's blighted Packard automobile plant complex on the city's east side is asking City Council for a 12-year tax freeze while he develops the project.

Arte Express owner Fernando Palazuelo announced in November 2013 plans to restore and reopen the complex that had become a symbol of Detroit's decline.

Kari Smith, director of development for Arte Express Detroit, told the Detroit Free Press the first two phases would involve a gut renovation of the former Packard Motor Co.'s corporate offices into modern office space, and the creation of a recreational complex whose details are still to come.

She said work crews could start on the first phase as soon as council approves a plan to freeze the site's property taxes.

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