- Associated Press - Wednesday, November 5, 2014

DETROIT (AP) - A Detroit businessman has dropped plans to buy 6,350 vacant houses and lots he earlier claimed in a tax foreclosure auction.

Herb Strather tells the Detroit Free Press that he now plans to redevelop properties being transferred to the Detroit Land Bank.

Strather says Wayne County will refund a $315,000 down payment on his $3.2 million winning bid. He says the money will be used to get a deal with the city of Detroit.

County Treasurer Ray Wojtowicz tells The Detroit News that Strather’s bid was being withdrawn after discussions over a possible development with a company initially listed by Strather as a partner in his bid.

The sale was part of an effort by Detroit and Wayne County to fight blight by packaging groups of properties.



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