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Type of new tenant announced for Michigan Central Station by end of 2024?
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Ford Motor Company•Michigan Central Station•Detroit•Ford•Fords•Dan Gilbert•Ilitches•downtown Detroit•Jim Farley
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Tech company • 33%
Automotive company • 33%
Retail or Service Provider • 33%
Official announcements from Ford Motor Company or Detroit city news
Story
Ford Unveils Six-Year, $950 Million Renovation of Detroit's Michigan Central Station
Jun 3, 2024, 01:55 PM
Ford Motor Company has unveiled its newly restored Michigan Central Station in Detroit, a century-old train station that has undergone a six-year, $950 million renovation. The project, which began in 2018 with Ford's purchase of the station for $90 million, aims to create a hub for autonomous and electric vehicle technology. This renovation is part of a broader effort to revitalize Detroit, with three billionaire families, including the Fords, Dan Gilbert, and the Ilitches, having acquired about 70% of downtown Detroit's office space. The transformation of the Michigan Central Station, once a symbol of the city's decline, is now seen as a beacon of hope for Detroit's future. Ford CEO Jim Farley has highlighted the restoration as emblematic of Ford's own journey and commitment to innovation in the automotive industry.
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