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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.

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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").

The hulking and historic Michigan Central Station will soon have new owners . On Monday morning, the Moroun family — who also own the Ambassador Bridge — announced that the 105-year-old property has been sold to the Ford Motor Company for redevelopment. “The deal is complete.

Henry Ford traveled into MCS from New York riding The Detroiter — and he rode in style in his own private car, “The Fairlane.” Put simply, if Michigan Central Station cannot be the centerpiece of the city’s rebirth, it should not stand solely as a testament to its decline.

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.

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The abandoned Michigan Central Station is one of Detroit's most iconic buildings. Michigan Central Station opened on January 4, 1914. It was designed by the architects of New York City's Grand Central Starting in 2009 works to renovate the station have started by the building's owners .

Owners of Detroit's vacant, hulking 105-year-old Michigan Central Station say they've sold the iconic symbol of Detroit's fall from greatness to Ford Motor Co. for redevelopment. Matthew Moroun, son of building owner Manuel "Matty" Moroun, said Monday that

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."

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

  It Looks Like Ford Is Going To Buy And Rehab Detroit's Most Fabulous Ruin It looks like Michigan Central Station, the long-abandoned, enormous train station that stands out as one of the most illustrative artifacts of Detroit’s decline, is going to have a new owner soon, according to reports: Ford. Is Detroit's Most Fabulous Ruin Finally Being Renovated?Over the weekend, Crain’s Detroit Business fleshed out a story that linked Ford to dozens of properties in Detroit’s Corktown neighborhood, which sits just west of the city’s downtown core.

New owners are working to preserve the 1923 Conductor’s Protective Assurance (C.P.A.) Building, at Michigan & West Vernor Highway. One of the areas they are exploring is the beautiful and iconic Michigan Central Station .

Ford reportedly interested in Detroit’s infamous abandoned train depot. Ford may buy or lease heavily blighted Michigan Central Station . Company officials have said that decision was motivated by the need to attract young talent to the fold.

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."

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