Ford wants $240 m for Michigan Central Station

[trainjunkie47]

Ford says it needs more than $239 million in public tax incentives to make good on its $740 million promise to redevelop the Michigan Central Depot and adjacent parcels— more than $100 million from cash-strapped Detroit

Read the rest of today's Detroit Free Press column here:
https://www.freep.com/story/opinion/columnists/nancy-kaffer/2018/09/12/detroit-train-station-ford-tax-incentives/1267176002/

[hoborich]

HA! Well, at least they can't take their station and go somewhere else.

[Chip]

Man, I am so sick of this company crying broke all the time. They have anywhere between $16B and $21B in the bank depending on what you read. They are still profitable despite their claims to the contrary. They aren't broke.

Full disclosure, I am a ford employee. In fact I'm wrapping up my shift at the Michigan Assembly Plant Stamping Plant as I type this.

[Cinderpath]

Considering what Ford has given Detroit over the past century, that people are griping about this I find interesting. Nobody squawked much at almost a billion dollars going for a sports stadium (LCA) when the city was bankrupt. The economic impact of this is huge, and people will use the facility daily (not just during events) and will employ people daily. I don't have a problem with such subsidies when there is a net economic benefit. LCA however was IMO a total waste of tax payers money for private team owners.

[Chip]

It would be an easier pill to swallow if they would pay the police and firefighters better and properly fund their pensions.

[NS3322]

Man, I am so sick of this company crying broke all the time. They have anywhere between $16B and $21B in the bank depending on what you read. They are still profitable despite their claims to the contrary. They aren't broke.

Full disclosure, I am a ford employee. In fact I'm wrapping up my shift at the Michigan Assembly Plant Stamping Plant as I type this.

Gutsy

[Chip]

Man, I am so sick of this company crying broke all the time. They have anywhere between $16B and $21B in the bank depending on what you read. They are still profitable despite their claims to the contrary. They aren't broke.

Full disclosure, I am a ford employee. In fact I'm wrapping up my shift at the Michigan Assembly Plant Stamping Plant as I type this.

Gutsy

Not really, I use my phone. I'm not stupid enough to use a company computer where they can track me.

[DBFanatic]

"Man, I am so sick of this company crying broke all the time."

Is that more or less often than we hear the term "cash-strapped" used to describe Detroit?

[Chip]

"Man, I am so sick of this company crying broke all the time."

Is that more or less often than we hear the term "cash-strapped" used to describe Detroit?

in the last year since Jim Hackett took over? Way more, you just don't always see it in the media as much as you do internally.