Detroit’s western market relaunch will cost $2 million, owner says

Ford is on schedule to complete the $740 million rehabilitation of Michigan Central Station into an EV campus and “Innovation District” by mid-2023, and other developments along that stretch to the south have followed suit.

Schneider recently received a $3,000 Community Business Advancement Grant from Michigan Central Station. The Southwest Detroit Business Association told Crain’s that it actively works with Ford to foster a positive relationship with the surrounding community.

But funding has been a challenge since she launched the plan in 2019, and it will continue to be. Schneider has invested $75 million in the project so far and said it has presented preliminary concept plans to the city, which has put a $2 million price tag on the project.

The main structure is expected to have 10,800 square feet available for up to 60 independent vendors, including Motor City Match attendees, Schneider said. The shed also includes a 900 square foot cafe.

Motor City Match is a city-run program that provides financial and technical assistance to growing businesses in Detroit.

“We hope that an entity involved in Corktown (who can) will help us secure low cost financing to move the project forward and also allow us to offer low cost rental space to market vendors,” a- she declared.

City spokesman Dan Austin confirmed the project is underway.

“Cathy has indeed met with the (planning and development) team on several occasions, and we’ve given her suggestions and feedback on her vision,” he said. “If her fundraising efforts are successful, we will definitely continue to have conversations with her about it.”

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