Detroit’s Plan to Make Sure Redevelopment Boosts the Whole City

Detroit’s Plan to Make Sure Redevelopment Boosts the Whole City
In 2018, Ford Motor Company bought the Michigan Central Station, Detroit’s former train depot and most majestic ruin. Opened in 1913, closed in 1988, the train station stood abandoned for 30 years, haunted by vandals and urban explorers.Today, the automaker is spending $350 million to renovate the 18-story Beaux Arts station into the centerpiece of a new $740 million innovation campus where the company will develop electric and autonomous vehicles. Offices will move into upper floors, stores and restaurants into the soaring lobby.And residents of Detroit’s historic Corktown neighborhood won’t simply watch as prosperity rises around them.Ford, after negotiating with Corktown neighbors and the city, has agreed to pay for $10 million in projects to benefit the neighborhoods around the old depot. It will fund more than $4 million for career training programs, pay $2.5 million to an affordable housing fund and bankroll park renovations and home repairs. Though the… ..... Read More.
POLITICO – Politics | Politics & GovernmentThu, March 12, 2020
4 weeks ago
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