Ford has achieved a major milestone in bringing Motor City back to her former glory. The automotive giant has restored a century-old train station — Michigan Central Station — into a MASSIVE tech campus. This article has all the details of the ambitious project…
Impressive Specs on the Michigan Central Campus
Ford originally announced the restoration of the abandoned Detroit train station in 2018.
However, the project was delayed due to the COVID-19 pandemic but finally opened its doors on May 30th. The newly renovated Michigan Central Campus is located in the trendy Motor City neighborhood of Corktown.
On the 1.2 million-square-foot property you will find:
- Restaurants
- Retail space
- Remnants of graffiti
Yes, Ford officials spent over $950 million to recreate how the station looked over a century ago. But at the same time, they did not want to erase Motor City’s history of it being abandoned in 1988.
Chair of Ford and descendant of Henry Ford, Bill Ford, told CNBC that Michigan Central was inspired by other tech campuses.
Further, Bill Ford said it is intended to lure top talent from the competition…
“We’re in a war for talent, our industry and our company,” Ford, who spearheaded the project. And you need to give talent two things: You need to give them, first, really interesting problems to solve, and then you have to give them a great place to work. With Michigan Central, we checked both those boxes.”
Nonetheless, the automotive chair says this large investment is not all about dollars and cents…
Ford’s ‘Legacy Project’ for Motor City
Bill Ford is passionate about and active in bringing the city where his great-father founded the brand back to life.
Other notable examples involve facilitating the 2006 Super Bowl in Detroit and creating a “green” production facility.
Also, Ford referred to this expensive endeavor as a “legacy project” for those involved and himself. He added this comment reflective of his love for Motor City.
“I’m very proud of both of those [prior projects], but I think this is going to kind of put an exclamation point on it because this will be a wonderful place to work but it will also be a wonderful place for the public to come.”
The first tenants of Michigan Central Campus are to start occupying space there in Fall 2024.
Until then be great,
GCTV Staff
Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.