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Michigan Central Station in Detroit.

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It's been abandoned since 1988, but today, we get a glimpse of its bright future: 

  • Ford (+0.93%) bought the building in May, and it's announcing its ambitious plans in a celebration this morning.
  • The company, which also bought up nearby properties, will eventually occupy 1.2 million sq ft in the station's neighborhood (called Corktown). The Corktown campus will be "an innovation hub for Ford's vision for the future of transportation." 
  • Why we're watching the livestream: Detroit native Big Sean will be performing. 

Bottom line: Michigan Central Station is more than a building—it's a symbol of Detroit's rise and fall...and current renaissance. For Ford to come in and open it again is a really exciting moment for the city.

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