#Corktown

For Ford, returning to the city of Detroit means first checking off a long list of tax abatements — breaks it says it needs in order to pull off its planned Corktown campus. That would mean $103 million in lost future tax revenue for the city itself, though total incentive package Ford wants amounts to $238.6 million.

Depending on which direction you’re coming from, it’s either agregious or just the cost of doing business.

All eyes were on the now Ford-owned Michigan Central Station in Detroit’s Corktown neighborhood on Tuesday morning, as the automaker formally announced its plan for the derelict building and surrounding neighborhood.

Ford Motor Company recently took the century-old structure, abandoned since 1988, off the hands of its longtime owners, the Moroun family. There’s still no dollar figure attached to that deal, but that’s not what Tuesday was about. Ford’s plan, ambitious and big on vision, breaks down as this: there’ll be 2,500 Ford workers employed in the Corktown neighborhood, tasked with developing autonomous vehicles and related tech. The towering train depot, once restored, will serve as the nerve center.

Joining those employees in Ford-owned buildings scattered around the site will be an equal number of employees working for partners and suppliers, or so Ford hopes. The automaker’s aiming for a miniaturized version of Silicon Valley clustered around Michigan Avenue.

The long-abandoned — and recently reglazed — Michigan Central Station building will host a Ford sign and many Ford employees in the near future, the building’s longtime former owner claims.

Matthew Moroun, son of Detroit businessman Manuel “Matty” Moroun, told Crain’s Detroit Business on Monday that the family has sold the hulking, derelict building to Ford Motor Company as part of the automaker’s wide-ranging plan to take over much of the Corktown district.

Officially, there’s more than 220 Ford Motor Company employees ready to move into a refurbished former factory on Michigan Avenue in Detroit’s Corktown district sometime this year. A nice little burst of employment for a long-neglected, now-resurgent neighborhood, but it might be just the beginning.

The automaker is reportedly in talks with numerous property owners to create a campus totalling at least 1.1 million square feet, with the towering — and famously abandoned — Michigan Central Station as its anchor.