Ford Motor Company Buys Michigan Central Station

Ford Motor Company has purchased Detroit’s Michigan Central Station, which has stood vacant for decades, becoming a symbol of the city’s decline. The sale of the iconic building was announced Monday by Matthew Moroun, whose family has owned the station since 1992. “The future of the depot is assured,” he said. “The next steward of the building is the right one for its future. The depot will become a shiny symbol of Detroit's progress and its success.” Ford said it will announce plans for the historic station on June 19. “These are exciting times for Ford and Detroit,” the company said in a statement. “It will be a historic day for Detroit, the auto industry and the future of Ford.” The new campus will mark the automaker’s return to Detroit.