That's quite a lot by Detroit real estate standards
Michigan Central Station
It includes more than $103,600,000 from the city itself.
A big outlay, but automaker hopes to get a quarter-billion-dollar assist.
Plus Ford's new train station and Tesla's big pickup.
Its anonymous owners says 'I loved that clock and I loved that station'
Hub of transportation's past will help create transportation's future.
Ford plans to announce its plans at a June 19 event.
Announcement on empty Michigan Central Station expected in mid-June.
Ford has begun moving about 200 employees to a new office in a refurbished hosiery factory in Detroit, the first step in what could be a much larger, consolidated urban campus housing the automaker's electric and autonomous vehicle and mobility operations. That includes a targeted mid-June announcement of a deal to purchase the heavily blighted Michigan Central Station.
On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Green Editor John Beltz Snyder and Associate Editor Joel Stocksdale. We talk about driving the 2018 Jeep Wrangler and Mitsubishi Outlander PHEV we had at our office. We speculate about the Ford Maverick and Michigan Central Station, talk Porsche Cayenne E-Hybrid news, and help spend a listener's money on a pair of vehicles.
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.