Ford seeks more than $230 million in aid for Michigan Central project

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MichiganCentralStation1951
Detroit's landmark Michigan Central Station in 1951.
Jack O'Petzoldt

DETROIT — The Ford Motor Co. is asking for more than $230 million in aid, including more than $100 million from the City of Detroit, as part of its plan to build a technology campus around the former Michigan Central railroad station, the Detroit Free Press reports.

Ford announced in June that it had purchased the station for a new tech campus. It said in August it would spend more than $700 million to restore the long-abandoned facility and adjacent properties. [See “New life for Detroit’s Michigan Central Station,” Trains News Wire, June 11, 2018, and “Detroit landmark to serve as Ford’s new mobility headquarters,” Trains News Wire, June 19, 2018.]

The Detroit Economic Growth Corp. outlined the aid plan in a Monday presentation, saying it estimated a net benefit to the city of $370 over 35 years.

The complete Free Press report is available here.

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