{"id":128811,"date":"2018-08-15T15:32:06","date_gmt":"2018-08-15T19:32:06","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=128811"},"modified":"2018-08-16T09:57:34","modified_gmt":"2018-08-16T13:57:34","slug":"ford-spending-740-million-to-revamp-dilapidated-train-station","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2018\/08\/ford-spending-740-million-to-revamp-dilapidated-train-station\/","title":{"rendered":"Ford Spending $740 M to Revamp Dilapidated Train Station, Campus"},"content":{"rendered":"
\"\"<\/a>
A rendering of what Ford's new campus, including Michigan Central Station, in Corktown will look like.<\/figcaption><\/figure>\n

Ford recently unveiled its plan to move its electric and autonomous vehicle operations into a campus in southwest Detroit, anchored by a historic train station the company plans to refurbish during the next few years.<\/p>\n

The move to reinvent the former Michigan Central Station was hailed by Detroit politicians and neighborhood advocates; however, other than a nebulous figure of $4 billion it planned to invest overall, no real dollar amount for the new campus was released.<\/p>\n

\"\"<\/a>
News Now!<\/figcaption><\/figure>\n

Ford disclosed Tuesday at a meeting with community leaders it plans to spend $740 million to revamp Michigan Central Station, as well as other neighborhood sites. The automaker aims to turn the building into a campus of offices for up to 5,000 employees.<\/p>\n

Most of those working in the newly revitalized building will be tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services. The company also noted it hoped to get as much as $250 million in financial assistance on the project.<\/p>\n

\"\"<\/a>
Ford CEO Jim Hackett, left, and Chairman Bill Ford celebrate the plan to refurbish the Michigan Central Station in Detroit.<\/figcaption><\/figure>\n

(Ford plants Blue Oval in Detroit.\u00a0<\/em>Click Here<\/a><\/span>\u00a0for details.)<\/em><\/strong><\/p>\n

The company said Tuesday in a statement, according to Reuters, it is “working with federal, state and local economic development groups and officials, seeking at least $250 million in tax or other incentives to support the development of the five Corktown sites Ford has purchased.”<\/p>\n

Ford noted the development of the train station and developing 45 acres of vacant land will take place over the next four years.<\/p>\n

(<\/em>Click Here<\/a><\/span>\u00a0for more about\u00a0Ford\u2019s plans for the historic Detroit rail station<\/em><\/strong>.)<\/em><\/strong><\/p>\n

Reuters reported the $740 million includes acquiring the buildings and land as well as rehabilitation costs “which takes into account the requirements of restoring a historic building such as the train station,” the company said.<\/p>\n

The project costs do not require additional capital beyond what it previously committed as part of its overall 10-year campus plan in 2016, the automaker said. The company plans to invest $4 billion to its EV and AV efforts.<\/p>\n

(What\u2019s going on at \u201cThe Factory\u201d?\u00a0<\/em>Click Here<\/a><\/span>\u00a0for more on Ford\u2019s other new project.)<\/em><\/strong><\/p>\n

The train station closed in 1988 and fell into disrepair; however, Ford has already purchased and rehabbed one building, now called The Factory, that currently houses employees working Ford\u2019s AV program.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ford’s recently unveiled plans to move its electric and autonomous vehicle operations into a campus in southwest Detroit, anchored by a historic train station it plans to refurbish will cost $740 million over the next four years, the automaker noted at a community meeting recently. For details about the plans and costs, go to TheDetroitBureau.com.<\/p>\n","protected":false},"author":4389,"featured_media":127202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5,12,9],"tags":[],"make":[56],"post-state":[],"category_old":[150,151,313,318,319,155,299,248,317,125,291],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/128811"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/4389"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=128811"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/128811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/127202"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=128811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=128811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=128811"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=128811"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=128811"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=128811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}