Peruvian developer bids to turn Packard plant into upscale go kart track
The Peruvian developer has some interesting ideas for the 40-acre site, whose structures – many of which are still intact – he plans to renovate and turn into a mixed-use facility. Among the uses Palazuelo has in mind for the old Packard plant are residential, retail, commercial, (light) industrial, recreation and art. So... pretty much everything. But the most intriguing element of his development plans is to construct a high-end karting track on the site, something he and his two eldest sons, who were once high-ranked kart racers, would enjoy as much as we would.
Palazuelo also wants to attract parts suppliers from the automotive industry to set up onsite, and could offer them free rent for several years in order to sweeten the deal. He intends to locate the leasing office in the iconic brick bridge that connects the two main buildings across East Grand Boulevard, and also plans to build himself an apartment there so he can live onsite as well. But all this is assuming he makes good on his modest $405,000 bid (of which he has so far put down 10 percent) and raises many times more that amount to get the project out of the rubble and off the ground.
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