There have been big changes over the past year in Detroit’s Corktown district.
Tuesday will mark the one year anniversary of when the media reports began to surface that Ford Motor Company was in talks to buy
the long-vacant and decaying Michigan Central Train Depot.
It wasn’t until June that the sale was finalized.
It was good news for Corktown as it sent real estate prices soaring in Corktown and its surrounding neighborhoods.
Residential real estate prices have risen 14 percent.
In the two years prior to the Ford announcement, prices had increased less than one percent.