The city is abuzz with the rumor that Ford is taking over Michigan Central Station, after reports that the once-glamorous train depot — an iconic symbol of Detroit’s decay since it closed in 1988 — has changed owners.
The Moroun family, owners of the Ambassador Bridge and hundreds of other properties around Detroit, has owned and largely sat on the complex in Detroit’s Corktown neighborhood since 1995.
But a Moroun company apparently transferred ownership to a newly-incorporated mystery entity last week.
The Morouns also transferred another building, a former school book depository adjacent to the train station, to a similarly-named company.
The buyers of both properties appear to be a shell company linked to a New York law firm. But it’s widely believed that the real buyer is Ford.
For now, all parties are staying mum on the real estate deal. Ford declined comment on all inquiries, pointing to a past statement that notes: “We expect to grow our presence in Detroit, and will share more details in the future.”