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News It’s Official: Ford Has Purchased Detroit’s Historic Central Station

16:26  13 june  2018
16:26  13 june  2018 Source:   motor1.com

Ford reportedly interested in Detroit’s infamous abandoned train depot

  Ford reportedly interested in Detroit’s infamous abandoned train depot Ford Motor Co. is reportedly in discussions to purchase one of the largest, most well-known eyesores in Detroit as part of a bid to move more staff into the city from its headquarters in neighboring Dearborn and attract young talent to the company.The building in question is the infamous Michigan Central Station, a long-abandoned train station and 18-story Beaux-Arts Classical structure that draws visitors from around the world as a glaring example of so-called ruin porn.

It ’ s all but Blue Oval-stamped official : Ford has purchased Detroit ’ s long-abandoned train depot, marking a return to the city where the company was Together with the community, we look forward to announcing our plans for Michigan Central Station and Corktown on June 19th. It will be a historic

Gallery: It ' s Official : Michigan Central Station sold to Ford . It will be a historic day for Detroit , the auto industry and the future of Ford ," according to a statement from Ford . Ford has purchased Detroit ’ s old train station , former owner says.

Michigan Central Station© Motor1.com Michigan Central Station

Michigan Central Station has sat dormant since 1995, but now it’s getting a new lease on life.

Ford has a new home in Detroit. The Dearborn, Michigan-based automaker finalized a deal with owner Matthew Moroun on Monday morning to take ownership of the long-abandoned, 18-story Michigan Central Station, which has sat dormant since 1995.

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It ' s all but Blue Oval-stamped official : Ford has purchased Detroit ' s long-abandoned train depot, marking a return to the city where the company was Together with the community, we look forward to announcing our plans for Michigan Central Station and Corktown on June 19th. It will be a historic

DETROIT -- Detroit ' s long-vacant Michigan Central Station , a towering ruin that came to symbolize the city' s dramatic fall, has been sold to Ford Motor Co. The automaker is expected to renovate the train depot and make it the hub of a campus for advanced automotive technology in the Corktown

The historic building, located in the Corktown neighborhood of Detroit, will now be home to Ford’s advanced automotive technology campus. Along with Michigan Central Station, Ford purchased an adjacent Detroit school book depository also owned by the Moroun family which it plans to renovate. The list price for the sale of both buildings was not disclosed, but Ford promises to announce all official details on June 19.

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Detroit ’ s long-vacant Michigan Central Station , a towering ruin that came to symbolize the city’ s dramatic fall, has been sold to Ford Motor Co. This shows the historic Michigan Central Station on Monday, June 11, 2018, in Detroit .

Ford has officially purchased Detroit ' s Michigan Central Station - a disused train station in Detroit ' s Corktown neighborhood - to serve as a new local hub. Ford Buys Detroit ’ s Long-Defunct Michigan Central Station : Officially Official .

"The deal is complete," Matthew Moroun said in a statement to the press earlier in the week. "The future of the depot is assured. The next steward of the building is the right one for its future. The depot will become a shiny symbol of Detroit's progress and its success."

The sale, which had been reported since early March, was first proposed back to the Moroun family privately in October. Matthew Moroun told reporters that Ford’s takeover was a "golden opportunity" for the historic station, which was first erected in 1914 and acted as a central transportation hub in the city until 1988.

Since its takeover by the Moroun family in 1995, multiple projects were proposed for the space. A $1.2-billion convention center and casino was among the first serious propositions, followed by rumors of a takeover by Detroit Police in 2004, and Michigan State Police later in 2010. Renovation estimates have ranged from $80 to $300 million in recent years. Assuming Ford goes all out in its proposed advanced technology campus, expect that number to be even higher.

Ford’s board could vote Thursday on buying Detroit's train depot .
Ford's interest in acquiring a massive abandoned and blighted train station in Detroit for office space is a huge story around town and also one of its worst-kept secrets, with the automaker reportedly lining up dozens of properties in the surrounding Corktown neighborhood and business district as part of plans to build a new urban campus. On Thursday, the automaker's board of directors is expected to consider a proposal to buy and rehabilitate the 18-story Michigan Central Station as part of a bid to attract young talent to work on electric and self-driving vehicles for the Blue Oval.

Source: http://us.pressfrom.com/autos/news/-154749-it-s-official-ford-has-purchased-detroit-s-historic-central-station/

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