Confirmed: Train station sold to Ford: 'Blue Oval will adorn the building'
It's Official. Just announced by Crain's:
"The Ford Motor Company's Blue Oval will adorn the building."
"Moroun's confirmation of the sale comes almost two weeks after Crain's first reported a Moroun real estate entity transferred ownership of the hulking train station on May 23 to a limited liability corporation linked to Ford through a New York law firm that has done legal work for the Dearborn-based automaker.
The Morouns also sold the former Detroit Public Schools book depository building adjacent to the train station to the Ford-linked real estate holding company.
Moroun declined to divulge the sale price of the train depot and book depository building.
Ford is planning an event June 19 at Michigan Central Station to detail its plans for Corktown and the old train station, spokesman Said Deep said Monday.
The deed transfers followed months of clues that Ford has been laying the groundwork to establish a campus in Corktown — something Moroun alluded to in his remarks Monday.
Matthew Moroun, who as vice chairman has taken over day-to-day operations of his father's businesses, said he first talked with representatives from Ford on Oct. 13. He described the meeting as "the grand development I was looking for."