Packard Plant's owner says project moving forward despite loss of $80 million in financing

Kirk Pinho - Fernando Palazuelo has had to make a course correction on the financing of his Packard Plant redevelopment project after a collapse in a key financing agreement. Palazuelo, who owns the sprawling plant at I-94 and East Grand Boulevard and plans a hodgepodge of uses there, says a large but undisclosed Peruvian private equity firm has backed out of an agreement to provide $80 million in financing for the Packard project. But Palazuelo says he's still following his original business plan, with no