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(WXYZ) - Some who live in the neighborhood surrounding the crumbling Packard Plant are wondering if new life is on the horizon for the area.
The highest bidder, Dr. Jill Van Horn, and her team from Texas had conversations with the Wayne County Treasurer's Office Monday afternoon.
Dr. Van Horn and local investors will be paying about $6,000,000 for the property.
Still, neighbors near the old plant are skeptical.
"It all depends," said Harold Jones, who works nearby. "I mean, everybody keeps saying they are going to buy it."
Several who live in the neighborhood on Detroit's east side told 7 Action News they are tired of getting their hopes up.
According to them, they have heard of possible rumors and demolition plans for the decaying building for years.
Others are worried about their safety. The blight is an eyesore and has become a dumping ground.
"I'm tired of looking at it. It's such a dump over this way," said Roy Hunt who lives across the street from the former plant.
"It really is. You just come out here every day to look at this?" said resident Beatrice Lollar. "Then all the grass… when you are coming in at night… who knows what isgoing to be in the grass."
According to her spokesperson, Dr. Van Horn and Detroit investors have plans to turn the old plant into a new one, which will manufacture modular homes and offices.
Products are intended to be shipped all over the world.
The spokesperson, Davis Marshall, said in a press release they speculate 6,000 trained employees could be needed.
"That would be prosperous," said Hunt. "I'd love that."
"It's great that it's going to bring the jobs… but who is going to get the jobs?" said Jones.
More than 100 bids were placed online for the property, which according to Marshall, is about 40 acres.
The terms of payment is will be negotiated.
"It's time for it to happen but you know, everybody is interested in it now. Where were people when it was still an actual company that could have been saved? It could have been an historic landmark or something now it's too late. See what it looks like now.
Dr. Van Horn and investors will pay the county the $6,000,000 and then a deed will be issued.
After that, she will have six months to tear down the old plant or secure and maintain the building.