Ford's Detroit Campus Receives $239 Million in Tax Breaks

Ford's plan to redevelop Detroit's abandoned Michigan Central Station into a tech campus received a major boost from the city.

1 minute read

October 22, 2018, 12:00 PM PDT

By Elana Eden

Linda Parton / Shutterstock

Detroit approved $104 million in tax breaks to subsidize Ford's adaptation of the old Michigan Central Station into a campus for autonomous and electric vehicle technology.

The $740 million, 5,000-worker campus is expected to generate a net benefit of $371 million for the city over 35 years, during which Ford will see a total of $239 million in tax breaks. Part of the deal is a community benefits agreement in which the company will invest $10 million in the Corktown neighborhood surrounding the abandoned station: $5 million for workforce training, $2.5 million for a city development fund, and $2.5 million for affordable housing.

The agreement relies on several programs aimed at incentivizing redevelopment: the Obsolete Property Rehabilitation Act, Commercial Rehabilitation Districts, and Renaissance Zones.

Chad Livengood reports in Crain's Detroit Business.

FULL STORY: City Council OKs $104 million tax breaks for Ford's Corktown campus

Tuesday, October 16, 2018 in Crain's Detroit Business

Urban Development United States Michigan

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.