Ford wants $240 m for Michigan Central Station

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Ford wants $240 m for Michigan Central Station

Unread postby trainjunkie47 » Wed Sep 12, 2018 11:14 pm

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/
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Re: Ford wants $240 m for Michigan Central Station

Unread postby hoborich » Fri Sep 14, 2018 9:24 pm

HA! Well, at least they can't take their station and go somewhere else. :lol:
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Re: Ford wants $240 m for Michigan Central Station

Unread postby Chip » Tue Sep 18, 2018 4:21 am

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.
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Re: Ford wants $240 m for Michigan Central Station

Unread postby Cinderpath » Tue Sep 18, 2018 5:49 pm

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.
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Re: Ford wants $240 m for Michigan Central Station

Unread postby Chip » Wed Sep 19, 2018 8:39 am

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