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News Ford Is the New Official Owner of the Iconic Michigan Central Station

20:42  12 june  2018
20:42  12 june  2018 Source:   msn.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.Video: Ford is giving its SUV lineup a shot of adrenaline Your browser does not support this video require(["binding"], function (binding) { binding("wcVideoPlayer", "#video_player_bc17e0fe-bc7d-49a0-abba-1a281e15c303").

The Michigan Central Station located in Detroit's famous Corktown will soon bear a shiny blue oval atop its iconic structure. Ford to Develop New Tech in Century-Old Factory. The automaker's electrification and autonomous-vehicle teams are moving to Detroit's Corktown neighborhood.

Ford Motor Company has acquired the iconic Michigan Central Station and plans to transform it into the centerpiece of a vibrant new campus in Detroit’s

a large building with a clock tower© Christian Science Monitor/Getty Images

The Michigan Central Station located in Detroit's famous Corktown will soon bear a shiny blue oval atop its iconic structure. Matthew Moroun, the son of Manuel "Matty" Moroun confirmed the sale of the property to Ford Motor Company on behalf of his family's enterprise on Monday morning.

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In addition to the Michigan Central Station, the Detroit Book Depository, which is another building that became a gleaming symbol of Detroit's "ruin porn," was sold to Ford Motor Company, according to the Detroit Free Press. Despite the secretive negotiations between the automaker and the Morouns taking place as early as May of this year, things pointed to a bright future from the start given Ford's strong desire to relocate more of its operations to Detroit from neighboring Dearborn and other cities across the country.

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.Video: Ford is giving its SUV lineup a shot of adrenaline Your browser does not support this video require(["binding"], function (binding) { binding("wcVideoPlayer", "#video_player_889c8cde-2b4c-4721-8fee-72ed397734b5").

Ford has acquired the iconic Michigan Central Station and plans to transform it into the centerpiece of a vibrant new campus in Detroit’s Corktown neighborhood that will serve as an innovation hub for Ford ’s vision for the future of transportation.

The historic Michigan Central Station in Detroit's Corktown neighborhood, mostly unused since the last train departed in 1988, is being bought and renovated by Ford Motor.CreditNick Hagen for The New York Times.

a sign in front of a fence© Provided by TIME Inc.

"The deal is complete," Moroun told the Detroit Free Press. "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."

a large stone building© Provided by TIME Inc.

The station opened its doors back in 1913 but was shut down in 1987. The Morouns purchased it in 1995. Over the years it became evident that they were more interested in selling for a profit some time in the future rather than revitalizing the structures themselves. Rumors of rehabilitation projects emerged often over the last few years, but it wasn't until March of this year that rumors about Ford's interest in several abandoned structures in the Corktown area emerged.

It Looks Like Ford Is Going To Buy And Rehab Detroit's Most Fabulous Ruin

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Michigan Central Station 's crumbling halls have been the subject of much "ruin porn." Once An Icon Of Detroit Decay, Historic Train Station Has New Owner : Ford . Business.

Ford Motor Company has acquired the iconic Michigan Central Station and plans to transform it into the centerpiece of a vibrant new campus in Detroit’s Corktown neighborhood that will serve as an innovation hub for Ford ’s vision for the future of transportation.

Back in March, we had the opportunity to talk with Tom Burns, a Corktown local who got to experience the station when it was still operating but was eventually forced to witness its demise. Burns expressed a certain level of apathy toward the way the Morouns had always treated their many properties around the Detroit and was hopeful that Ford would bring the station back to life. Needless to say, today was a good day for Burns.

a train on a steel track with Michigan Central Station in the background© Provided by TIME Inc.

"I am over the moon about Ford acquiring the Michigan Central Station," Burns told The Drive. "The building has languished in the hands of disinterested speculators for years—people who didn’t care about the surrounding community or the station at all, people who just hoarded it like a sad cache of Beanie Babies. But, with Ford taking over the property, it guarantees two things: that the structure itself will be preserved and restored, and that the building is no longer owned by a family that was content to let it rot for 30 years."

Ford to Develop New Tech in Century-Old Factory

  Ford to Develop New Tech in Century-Old Factory The automaker's electrification and autonomous-vehicle teams are moving to Detroit's Corktown neighborhood.The factory, which has been used by multiple companies over the years, will give employees necessary workspace as well as "the opportunity to immerse themselves in the lifestyle and mobility challenges of an urban environment," a Ford press release said.

The chairman and CEO of Ford Land, who will oversee the redesign of the Michigan Central Station and its integration into the Corktown neighborhood, is going to be hit with every idea in the book for the iconic Ford 's new train station should have a train. Trump could reunite kids held in Michigan now.

Ford Is the New Official Owner of the Iconic Michigan Central Station . 'The deal is complete,' proclaimed Matthew Moroun, the son of the former, oftentimes controversial property owner . READ NOW.

Next week, Ford expects to reveal more details about its plans for the two buildings. For now, we do know that the automaker expects to accelerate the development of advanced automotive technologies such as autonomy and electric powerplants at its current and future Detroit campuses.

a large building with Michigan Central Station in the background© Provided by TIME Inc.

Neither the Morouns nor Ford has disclosed the sale price for the two properties at the time of publication.

"Even if the project turns out to be a disaster for Ford (and I don’t think it will be), the fact that Michigan Central will finally have some competent stewardship is almost unbelievable," added Burns. "I am so grateful that Ford made this investment in Detroit, and my old neighborhood, and I can’t wait to see what they do with it."

Ford Launches New Autonomous Vehicles LLC Business .
Ford has committed $4 billion to developing self-driving technology and jump-starting a business that revolves around automated vehicles. Starting about the time it made a billion-dollar investment in Argo AI during the spring of 2017, the company made internal plans to spend an additional $3 billion through 2023 to get a business revolving around automated vehicles off the ground. Ford executives revealed the cumulative financial figure Tuesday as the company’s self-driving-vehicle efforts reached a new milestone: The company has spun several of the businesses into their own subsidiary called Ford Autonomous Vehicles LLC.

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