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Business/Finance See other Business/Finance Articles Title: Ford's plans for Michigan Central station Ford's plans for Michigan Central station Associated Press By COREY WILLIAMS, Associated Press 5 hrs ago © The Associated Press In this Thursday, June 14, 2018 photo, Bill Ford Jr., Ford Motor Company Executive Chairman and Chairman of the Board, poses in the Michigan Central Station in Detroit. Ford Motor Co. is embarking on a 4-year renovation… DETROIT — Ford Motor Co. plans to release details of its planned conversion of the long-vacant Michigan Central train station just west of downtown Detroit. The Dearborn-based automaker recently bought the 105-year-old building and is expected to redevelop the 500,000-square-foot (46,000-square-meter) structure as part of its plans for a campus focusing on autonomous vehicles. The station, which looms over Detroit's Corktown neighborhood, has stood empty since the last train left in 1988 . Stripped by vandals and time of its past beauty and value, the building came to symbolize Detroit's long decline from manufacturing powerhouse to bankruptcy. Quotes in the article GLORY DAYS Michigan Central Railroad started purchasing land around 1908 for the new train station, according to HistoricDetroit.org. The depot opened in late 1913 and was designed by the same architects who created New York's Grand Central Terminal. With towering pillars, marble floors, chandeliers and high-arching windows, the terminal's passenger waiting room was a sight to behold. Detroit architectural historian W. Hawkins Ferry wrote that in its heyday, the train station "symbolized the gateway to the city of Detroit and reminded people of the Roman Baths of Caracalla." OBSOLETE TO ALBATROSS The emergence of interstates and increased travel by car and plane led to fewer people taking trains. In 1985, the station handled only 82,408 passengers. That number tumbled to 64,097 a year later. Great Lakes World Trade Center bought the station and office tower in 1985 and developers planned to turn it and some adjacent real estate into offices, shopping plazas and parks that would attract development. The federal government withdrew a $3.25 million grant in 1987 because insufficient renovation progress was being made, and the station shut down the following year. After it closed, anything valuable was stolen or destroyed and the building became a popular spot for squatters, vagrants and urban explorers. PROMISES UNFULFILLED Businessman Manuel "Matty" Moroun bought the building in the mid-1990s after a previous owner defaulted on a loan. Moroun's interest in rail and trucking transport led to the purchase, a spokesman said at the time. But an anchor tenant could not be found and renovations would be delayed. Many looked at the former grand structure as part of the blight spreading across parts of Detroit. Plans by the city to buy the station and turn it into a police headquarters fell through. In 2009, the City Council passed a resolution seeking emergency demolition of the structure, but it didn't happen. Some renovation work was done shortly thereafter, including the replacement of broken windows and the roof, to make it less of an eyesore. THE BLUE OVAL Ford announced last year that it was going to move its autonomous and electric vehicle business and strategy teams to Corktown. In addition to the train station, Ford owns several other neighborhood properties that will be renovated and rehabbed. The company already has started moving about 200 workers into a refurbished former factory a few blocks from the station. The automaker estimates the size of its campus at about 1.2 million square feet. The station and office tower is expected to anchor the automaker's research and development of self-driving vehicles. It also gives Ford a presence in Detroit which continues to rebound after exiting bankruptcy in 2014. WHAT IT MEANS FOR DETROIT Ford's ownership of the Michigan Central station means more to the city than just the redevelopment of another eyesore. It is expected to bring thousands of tech-related workers into the downtown area and to spur the growth of Corktown, which is among the city's neighborhoods that have become trendy in recent years. Poster Comment: It seems Detroit's Corktown is an up and coming place to be. You would never catch me there in a million years. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: BTP Holdings (#0)
I'm glad they'll be bringing the old building back from the dead, and glad it's over 700 miles from where I do my driving and walking. _____________________________________________________________ USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
I used to make produce deliveries in Detroit. One night I was sitting there waiting to get in the dock. A black girl came up to the truck wanting to talk with me. All of a sudden four guys came running off that dock. They beat the crap out of the black girl and a black guy that was sneaking up on blind side of truck. Then they threw them out in middle of busy street. I hollered at them, "Are you going to leave them there?" They said, "Darn right we are. You KNOW what they were going to do to YOU." I doubt it since I never would have opened the door for that bitch. It was nice they were looking out for me, though. And when word of that got around you can bet nobody else went over there screwing around. LOL "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
Fantastic! Vigilante justice is much-maligned in our sissy prissy age, but it can really get the job done.
_____________________________________________________________ USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
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