Discuss Detroit » Archives - July 2008 » 'The mysterious billionaire' - Moroun profile by LeDuff « Previous Next »
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Realitycheck
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Post Number: 274
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Posted on Monday, December 15, 2008 - 8:04 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Lengthy piece on Matty today fills more than half of DetNews front page. It's by their ex-NYTimes star, who interviewed MM for "a few hours."

Full piece here.
quote:

Almost nobody knows Manuel "Matty" Moroun, one of the most powerful men in America you've never heard of. . . . But now Moroun is in a battle to protect the most coveted piece of his empire -- the bridge that connects Detroit and Windsor and is the busiest commercial land corridor on the continent.

. . . the Ambassador Bridge is more than just a cog in his money machine. . . . To hear him tell it, the bridge is a symbol of that legacy. "The bridge is a living thing," Moroun said. "It's become part of me and I think I've done a good job. It's my legacy. They want to steal it from me but that's not going to happen, I promise."

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Eriedearie
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Posted on Monday, December 15, 2008 - 10:12 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Very interesting piece. Thanks for posting it Realitycheck.
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Rhymeswithrawk
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Post Number: 1575
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Posted on Monday, December 15, 2008 - 10:55 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

This is the biggest joke I've read on several levels.
First, LeDuff used to be at the New York Times and should know what it means to write a balanced story. Instead, he throws Matty Moron (sic) a pity party. He tells us about all of his "friends," even though all he did was throw them campaign money, but he doesn't talk to any of his many, many, many enemies. And why didn't he tell us just how MUCH money he gave to Granholm, et al? Not hard to find out as it's public record.
Second, the story seems to justify what Moron has done to Michigan Central Station. It's OK what he's done to it because ... it's a historic landmark? Puh-lease.
Third, the Riverside Park battle was not presented fairly. Like the rest of the story, it's all Moron, nothing from those who oppose him.
Fourth, you can't die from MS as this story says. I should know, as I have it.
I've been impressed with LeDuff's work before, but this is absolute crap. Maybe LeDuff's trying to get a PR job with the Ambassador Bridge Co.
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Supersport
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Post Number: 2758
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Posted on Monday, December 15, 2008 - 11:28 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Building another bridge would be nothing more than an added income. If the guy is so concerned about a legacy, why not "throw money at" the MCS, restoring it to like new condition. In addition, make the station functional once again, making it the new depot for Amtrak and a hub for regional mass transit. Perhaps the guy could even "throw some money at" one of the proposed regional mass transit ideas being floated around. Hell, if he wants to fund one of the main lines up one of Detroit's main arteries, he can even slap his name on it for eternity.

A legacy? How about funding a program like a western Michigan city has, where every student that completes their education K-12 at DPS receives a college scholarship?

Since he owns more property than anybody in the state aside from the state itself, how about maybe making the places livable and housing the thousands of homeless in this state?

Building a bridge a legacy? Nice fuckin' try. Somebody needs to sit back and ponder why his dad and sisters had a secret meeting he wasn't invited to.
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Busterwmu
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Posted on Monday, December 15, 2008 - 11:29 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I can promise Matty that no one, not a single person, will look at the new Ambassador Bridge when it is done in 15 years and say "my, what a great legacy Matty left us, he truly was a visionary." NO ONE will say that Matty. He will have just kicked little kids and families out of their homes. The bridge will be more Joseph Bower's than anyones. He had the vision to get the thing built in the first place. I did a report a few years back on the bridge. The sources I was using were old though and Matty was not yet in the picture.

But allow me to quote:

Symbol of decay
More than anything, it is Moroun's ownership of the decrepit Michigan Central Railroad Depot, the embarrassing symbol of Detroit's urban decay, which has tarnished Moroun's reputation.

"I hate being associated with that," he said when asked about it. "What the hell am I supposed to do with it?"

Moroun bought it in the mid-'90s for a song, thinking it might have some future value with its rail yard. It has proven to be an albatross.

"I can't sell it and I won't give it away for a dollar. I can't redevelop it. Who would want to go in there? Nobody. There's no reason. That's throwing money to the wind. Can't tear it down, it's an historic landmark."

So the station hulks there, gutted, toothless, windswept, vandalized. Look through empty frames where the windows used to be and you can see the bridge to Canada. Look through the empty frames where the windows used to be and you see Matty Moroun.

--------

Why can't you sell it? You continue to sit your old ass on top of it for some reason, we're not hoodwinked into thinking otherwise.

What are you supposed to do with it Matty? Poor you, with your billions. You could secure it properly, at least make it look good outside, if nothing else.

Why WON'T you give it away for a $1? Notice he doesn't say "Can't," he says "won't." Seems to me like the Buffalo station, which was on brink just the same way MC currently is, was given to a nonprofit for $1, and though it's certainly not ready to accept any trains, it's in significantly better shape that it was 5 or 10 years ago. But Mr. Moron "won't" give it away for that $1. It would hurt his thin little pocketbook too much.

He COULD redevelop it and people WOULD want to go in there. Thank goodness for historic landmark status, but it doesn't seem to be encouraging him to do anything.

OK I'm off my little soapbox platform... for now.
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Mdoyle
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Post Number: 501
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Posted on Monday, December 15, 2008 - 11:31 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

His apparent apathy toward the station is frustrating. the building should have been secured years ago. This past summer was one of the worst for graffiti inside the building and the overall conditions. Does anyone think that something like what they did in Buffalo would be possible @ MCS?
http://buffalocentralterminal. org/
not for the entire structure of course.
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Detroitnerd
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Posted on Monday, December 15, 2008 - 11:42 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I believe he hasn't sold it because it would make a terrific staging are for the "jobs tunnel" a competing idea.
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Gannon
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Post Number: 8813
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Posted on Monday, December 15, 2008 - 1:02 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Supersport,

You just earned yerself a drink or two.


Cheers!
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Gsgeorge
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Posted on Monday, December 15, 2008 - 1:38 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

He has over $1.5 billion and he doesn't know what to do with the station? How about putting 1/100th of your wealth into securing the structure from vandals and visitors, and starting a private partnership to rehabilitate the structure, with plans to reopen it in the future as a shopping center, office complex, casino -- or dare I say transit center? Anything, the possibilities are endless. If Matty is such a forward-thinking visionary he would have seen the station as a real symbol of his legacy and put his money there. No one is going to look at the dual span and a decrepit MCS and say, "Thank Matty." But it goes without saying that countless thousands would look at a rehabilitated MCS and say, "Thank you Matty, really and truly--thank you."

PS edit: Just saw Supersports message which is similar to mine. Seems I posted in a fit of rage without checking the other responses.

(Message edited by gsgeorge on December 15, 2008)
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Realitycheck
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Post Number: 277
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Posted on Monday, December 15, 2008 - 3:11 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Joel Thurtell also is less than enraptured by LeDuff's piece, though he welcomes the overdue spotlight and "thorough reporting."
quote:

No mention of the bomb under the bridge. I’m referring to 300,000 gallons of gasoline and diesel fuel Matty stores directly under the bridge to stock his Ammex duty-free store and gas station. Kind of an odd way to ensure security . . .

Wish there’d been some mention of Matty’s refusal to let state inspectors look at the bridge, or to allow state troopers to inspect trucks on the bridge. . . .

Let’s hope this is the beginning of an aggressive run at reporting on a complex man whose empire is so critical to Detroit and Windsor. Maybe the News will prod its sister daily, the Detroit Free Press, to weigh in with an even more thorough, even deeper, look at what makes Matty tick.

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Mcwalbucksnfitch
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Posted on Monday, December 15, 2008 - 3:20 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

That article infuriates me. What an arrogant SOB.
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Jams
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Username: Jams

Post Number: 7272
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Posted on Monday, December 15, 2008 - 3:33 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

Let’s hope this is the beginning of an aggressive run at reporting on a complex man whose empire is so critical to Detroit and Windsor.



Please, shed some light on this Vampire who prefers hiding in the shadows.
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Eriedearie
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Post Number: 3215
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Posted on Monday, December 15, 2008 - 3:41 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I agree. Here we are getting a fancy, up-to date freeway enhancement at the bridge; a nice entrance to Mexicantown; and within sight of it all sits the MCS which looks like a bombed out hulk of a structure. He could use some of his billions to fix it up. Yes, that could be the legacy he leaves this area.

Every time I cross the border I look at the MCS looming right there and I wonder what visitors to the area think of that. They have to be wondering some awful things about our city.
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Gravitymachine
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Posted on Monday, December 15, 2008 - 4:18 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

This past summer was one of the worst for graffiti inside the building



this statement could easily be applied to the whole city
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Goat
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Posted on Monday, December 15, 2008 - 4:57 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Why doesn't he sell if for a dollar then? He wants to sell it but make a profit off of the sale. I have no issue with that but he shouldn't pretend he "can't" sell the MCS.

As for the bridge, maybe the old bastard should put a few bucks into it and fix it properly. That may help spruce it up a bit.

Nothing like hearing a billionaire (or multi millnionaire) cry into his champagne. He can go fuck himself...his seed of a son as well.
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Realitycheck
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Posted on Monday, December 15, 2008 - 5:03 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

More than a dozen comments posted on News Talk reader forum thread here. Excerpts:
quote:

Parks are for the people. The Bridge Company is a for-profit corporation owned by a billionaire. -- LichfieldPete, Detroit

He just wants to keep his cash flow coming in. It's the rich getting richer. ... This guy owns the old train station that the city wanted to use for the police dept, and he wants more then what it's worth - greedy old man. --MrMuggelberg, Romulus

Think of all the things his money, connections, and experience could do for the city and what does he do? Leaves the train station to rot away, and pretty much cares about nothing but making sure he makes money with the bridge. -- Snapdragon, Clinton Township

Yes he could develop Central Station! It would be a jewel. But as your report illuminates, he does things only for money. -- RichardLester, Harbor Springs

Maroun is revealed as a pathetic, evil, greedy, twisted character -- "a warped, frustrated old man," as Frank Capra would say. He "loves" the city of Detroit the way Kwame Kilpatrick "loves" the city of Detroit. He loves it as long as he can exploit it for his own gain. . . . Matty should use the few years he has left (and a few billion dollars) to make a meaningful contribution to the city that has provided him so much. Detroit needs schools, jobs, infrastructure improvements. Not the purview of the private sector, unless you use a little imagination. Less take, Matty. More give. -- GodSaveDetroit!, Bloomfield Hills

Wake up, my Detroit elected officials and please listen to the people . . . Do not play ball with Moroun on [Riverside Park], the public will not benefit! Moroun needs to redevelop the Michigan Central Train Station (it can be done and he can do it) as he promised and let that grand building be his legacy, not a second span. -- CommonSenseDetroiter, Detroit

Moroun is out of touch with the residents of this area. He sits in his white tower, thinking of how he can squeeze more cash out of every person. . . . He cares NOTHING about Detroit, Windsor and everyone around it. For someone that is earning BILLIONS, he sure does NOTHING for the community, (aside from allegedly buying out all the local politicians). . . . Look what he has done to the entire west end of downtown between Detroit and the Bridge. . . . He must have made a contribution to the Detroit News to get this article published! -- Area resident who CARES about Windsor, ON

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Detroit313
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Posted on Monday, December 15, 2008 - 7:25 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Supersport-

You're my hero!

you hit it right on the nose.

<313>
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Oldredfordette
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Posted on Monday, December 15, 2008 - 7:48 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

One of the worst stories printed in those papers in a long, long time. I'm sure the troll under the bridge had copies framed and hung in his house.
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Lmichigan
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Posted on Monday, December 15, 2008 - 8:54 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

At his age and advanced wealth, he shouldn't be concerned about selling the MCS for a real profit, anymore. As someone said, I'm not going to call for him to redevelop it, but damnit, get the hell off the property, already. Or, at the very least, he should empty the damned seat cushions on his sofa to at least properly secure the thing. For that, there is no excuse.

There are a lot of villians who I believe are complicated enough that they deserve stories like this. Matty isn't one of them. He's never been a benevolent force in the city, and seems to forget the whole thing about great responsibility coming with great power.
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Brandon48202
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Posted on Monday, December 15, 2008 - 9:41 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

At his age he should think twice about buying green bananas!
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Ruxy17
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Posted on Monday, December 15, 2008 - 9:47 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

perhaps with some pressure from the public he'd sell? i'm, shamefully, a little ignorant of the history of MCS... have there been serious protests or movements to do something with it?
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Sean_of_detroit
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Posted on Monday, December 15, 2008 - 9:55 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Quotes pertaining to MCS:

More than anything, it is Moroun's ownership of the decrepit Michigan Central Railroad Depot, the embarrassing symbol of Detroit's urban decay, which has tarnished Moroun's reputation.

"I hate being associated with that," he said when asked about it. "What the hell am I supposed to do with it?"

Moroun bought it in the mid-'90s for a song, thinking it might have some future value with its rail yard. It has proven to be an albatross.

"I can't sell it and I won't give it away for a dollar. I can't redevelop it. Who would want to go in there? Nobody. There's no reason. That's throwing money to the wind. Can't tear it down, it's an historic landmark."

So the station hulks there, gutted, toothless, windswept, vandalized. Look through empty frames where the windows used to be and you can see the bridge to Canada. Look through the empty frames where the windows used to be and you see Matty Moroun.


He does make it sound that he is open to suggestions and proposals.
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Ruxy17
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Posted on Monday, December 15, 2008 - 9:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

btw, i laughed out loud when i read that last line.

"look through the empty frames...and you see...MATTY MOROUN."

gag me.
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1953
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Posted on Monday, December 15, 2008 - 10:13 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Detroit should deal with him. He can have his bridge, if he refurbishes the train station entirely.
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Jams
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Posted on Monday, December 15, 2008 - 10:21 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

He does make it sound that he is open to suggestions and proposals.



Please, stop by and explain your plans to him
Centra Inc.
12225 Stephen Rd.
Warren, MI 48089-2010

Let us know how your reception went.
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Lmichigan
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Posted on Monday, December 15, 2008 - 10:25 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

lol! @ Jams

Yes, Sean, please let us know what he says. :-)

Again, he doesn't have to renovate it, but he sure as hell can't be allowed squat on it if he doesn't. You know, normal folks that doesn't properly secure obviously abanonded properties are fined. Why should he be any different?

(Message edited by lmichigan on December 15, 2008)
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Kathinozarks
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Posted on Monday, December 15, 2008 - 10:31 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

You know that one of you or a whole group just HAS to get a meeting with this man.

Take him a DY t-shirt, mug, calendar, etc and pour the love on him.

I would love to do this. This is something that I love to do. Let me know if someone speaks with him. Definitely take a young, pretty woman because a young woman always helps if he is old.
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Ruxy17
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Posted on Monday, December 15, 2008 - 10:33 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

i'm a young pretty woman :-)
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Hunchentoot
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Posted on Monday, December 15, 2008 - 10:41 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The best approach is the legacy approach. He would essentially be Superman if he did the right thing and renovated MCS. He would be Ebenezer Scrooge on Christmas morning. If there is any way to convince him to fix that building, that must be it.

Other than that, it should be taken away from him one way or another, and NOT end up in the hands of the DEGC or any other person or organization who says that they "don't preserve blight" when they mean that they will demolish anything as long as it's easy.

The city is talking about a land swap so he can keep his squat at Riverside Extension Park. Riverside in exchange for MCS would be fair.
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Jams
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Posted on Monday, December 15, 2008 - 10:43 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

Detroit should deal with him. He can have his bridge,...


This is not about simply control of a single bridge, the real concern is the private control of the NAFTA Super-Highway stretching from Mexico to Canada.

He also has a proposal for a new bridge in the Buffalo-Niagra region for trucks only.

If he succeeds, he, as a private individual, will control the two busiest border crossings in the Eastern USA.

Of course, as the owner of 143 trucking companies that receive lowered rates, he controls most of the international trade between the two countries.

And as a private corporation he is exempt (so he Thinks) from Governmental oversight.
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Sean_of_detroit
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Posted on Tuesday, December 16, 2008 - 2:37 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Or you could, since you guys have more experience then me. :-)

Do you guys really think it would have been better if he never bought it?
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Lmichigan
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Posted on Tuesday, December 16, 2008 - 4:10 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Considering how poorly he shuttered it, yes, definitely.

As someone already made mention of, Buffalo, New York has its own monster of an abandoned train station with an attached office tower, the Buffalo Central Terminal. It's been abanonded for about the same number of years as the MCS, yet back in 1997 the building was sold for a $1 to a local preservation group to keep up. Needless to say, it's in much better shape because of this.

Let's not be mistaken, the current state of the MCS is due to a poor cordoning off of the property for years. It was neglect, not some act of God, that got this property looking like it does.

(Message edited by lmichigan on December 16, 2008)
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Lmichigan
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Posted on Tuesday, December 16, 2008 - 4:24 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

BTW, here is a link to the non-profit that bought the building to preserve and market, it's called the Central Terminal Restoration Corporation. I hope there are folks in Detroit with the money and more importantly, time, to form something similar.

It really help, though, if we knew Matty were receptive to something like this, and despite what he may have said to LeDuff, there is nothing to indicate in his history that he'd be willing to give the thing up, and especially for a good cause. If that is the case, then no one should waste their time forming a group.
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Sean_of_detroit
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Posted on Tuesday, December 16, 2008 - 7:07 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Yeah, he said he wouldn't give it away. So... he'd probably have to make a profit, or hang onto it as an asset, right?

Also, you're most definately right about it not being secured properly, but it really seems like majority of the other investors in Detroit back then, would have all done the same thing. Actually, wasn't he the only potential buyer? Maybe I'm thinking of a Higgins property...

Anyway, I really think he would at least consider any plan that met his criteria.
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Lmichigan
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Posted on Tuesday, December 16, 2008 - 7:20 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The problem is that, as you've even agreed, his criteria seems to include making some serious money off the thing. If that's one of the criteria, that instantly rules out the great majority of preservationist wanting to at least gain control of the property to properly seal it and market it to potential developers. Has he ever offered to sell the thing? Has he ever put it on the market? If the answer is no, that kind of tells you his motives, right there.

BTW, anyone know how much he pays in taxes on the structure every year? The online city assessment tool should have the answer.

(Message edited by lmichigan on December 16, 2008)
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Thnk2mch
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Posted on Tuesday, December 16, 2008 - 9:10 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Here is another old train station success story - just because.

Central Railroad of New Jersey

http://www.njcu.edu/programs/j chistory/Pages/C_Pages/Central _Railroad_of_New_Jersey.html
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Cman710
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Posted on Tuesday, December 16, 2008 - 9:32 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I agree. I think he was probably originally hoping that he could sell the property for a profit. Now, he views it as an "albatross" and probably wants to make money on it. That's simply not going to happen anytime soon.
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Gnome
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Posted on Tuesday, December 16, 2008 - 10:16 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)


ghost of manny Marley
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Jams
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Posted on Tuesday, December 16, 2008 - 10:29 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

My new favourite Christmas picture.

Good job.
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Goat
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Posted on Tuesday, December 16, 2008 - 10:44 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Matty cares about two things in his life and you decide which order. Himself, his son.
O.k. maybe one and a half things. But if any of you understand this man you will know he just doesn't give a shit unless he gets something in return.
He is an aweful, aweful man were money hasn't made him happy at all. Just think of C.M Burns but fatter.
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Supersport
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Posted on Tuesday, December 16, 2008 - 11:20 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The train station in Kansas City, MO is another success story that was in much the same condition as MCS.

http://www.unionstation.org/

quote:

Closed in the 1980s, the Station sat empty and neglected, escaping demolition on several occasions. In 1996, a historic bi-state initiative was passed to fund the Station's renovation, which was completed in 1999.



http://www.unionstation.org/ab outus.html
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Wood
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Posted on Tuesday, December 16, 2008 - 11:34 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

also, Omaha's art deco station has been converted to a wonderful museum.
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Sean_of_detroit
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Posted on Tuesday, December 16, 2008 - 1:23 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

All to true Lmichigan. My view might be a little off I guess (not to mention, I don't have the vast experience others do). If preservation is what's really important to some, why can't those groups work with a developer and the owners to make it happen?

I know I'm still a little green, but couldn't your usual tax incentives be used to lure in a developer's viable project, with the preservationists picking up the extras of historic restoration and preservation? So long as the preservationists, tax payers, and/or the general public have guaranteed access to the building, who cares if he profits? The communities surrounding it would see property values rise, the owners would see a profit, the developers would see a profit, the preservation groups would have saved the building, the occupants would be happy, our image would improve slightly, and Michigan would have MCS to enjoy for generations to come. It could be a win, win, win, win (however many wins).

What am I missing?

(Message edited by Sean_of_Detroit on December 16, 2008)
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Lilpup
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Username: Lilpup

Post Number: 5042
Registered: 06-2004
Posted on Tuesday, December 16, 2008 - 1:29 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

money.

I recall a woman years ago trying to raise funding to just have a feasibility study done on MCS but the study cost alone was going to run about $2 mil.
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My2cents
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Username: My2cents

Post Number: 61
Registered: 10-2003
Posted on Tuesday, December 16, 2008 - 6:52 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Gnome,
Are you willing to share that most awesome photo?
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Gnome
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Username: Gnome

Post Number: 2168
Registered: 08-2007
Posted on Tuesday, December 16, 2008 - 8:20 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

2scents, sure, I think you can download it by right-clicking on the pic. If you need something else, let me know.
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Pgn421
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Username: Pgn421

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Registered: 02-2005
Posted on Tuesday, December 16, 2008 - 8:38 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Matty is a very schrewd businessman. i did business with him when he had Mohawk Motor.
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3rdworldcity
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Post Number: 1283
Registered: 01-2005
Posted on Tuesday, December 16, 2008 - 9:03 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

About 25 years ago there was an effort made to develop the MCS as a "World Trade Center." (There were several licenses/franchises available to use the name, and I was peripherally involved in the one in Ft. Lauderdale.)

The WTCs were planned to provided office space to companies involved in international trade and all the planned WTCs were to be interlinked by computers to comprise a large trading operation, eventually to become worldwide. I was again peripherally involved in the Detroit effort, which never got off the ground.

Personally, I recognize it as a vacant, vandalized, functionally obsolete structure which should be demolished.

Maroun recognizes that if there was a penny to be made from doing anything other than what he's doing he would do it. I'm always amazed at the folks who have all the answers with respect to redevelopment, restoration and so forth but who don't raise the money to buy and save it. Might not be so easy. I hope you all know that.

And, Matty did not get rich by pissing money away. I'd hope that every dollar he might wish to spend on that building he would instead give to charity. Hey, it's his money.
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Atothel
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Username: Atothel

Post Number: 3
Registered: 03-2008
Posted on Tuesday, December 16, 2008 - 9:08 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

super interesting!
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Bearinabox
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Username: Bearinabox

Post Number: 1079
Registered: 04-2006
Posted on Tuesday, December 16, 2008 - 9:12 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

Maroun recognizes that if there was a penny to be made from doing anything other than what he's doing he would do it.

What would he want with another penny? You'd think by the time he got to be a billionaire, he'd realize that how much dough you can squeeze out of something isn't the end-all-be-all of every situation.
quote:

I'm always amazed at the folks who have all the answers with respect to redevelopment, restoration and so forth but who don't raise the money to buy and save it. Might not be so easy. I hope you all know that.

Might be easier if Matty were willing to work with said folks, instead of sitting on the damn thing waiting for someone to make him a seven-figure offer (or whatever the hell it is he's waiting for, sometimes it's hard to tell).
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Psewick
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Username: Psewick

Post Number: 106
Registered: 03-2006
Posted on Wednesday, December 17, 2008 - 2:28 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"Matty did not get rich by pissing money away. I'd hope that every dollar he might wish to spend on that building he would instead give to charity."

Ah, wouldn't restoring the train station be considered a "charitable" act?
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Bob
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Username: Bob

Post Number: 1225
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Posted on Wednesday, December 17, 2008 - 5:51 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

MCS will never be used for a train station again. Its location on tracks does not line up with Amtrak's routing into the northern suburbs from Dearborn/Ann Arbor. It is located at the end of a line unless a train wants to continue on to Canada. This is why the current Amshack is used as a station near New Center. One would assume the long talked about new station will become a reality with the Ann Arbor to Detroit rail line starting a couple years, and also if the light rail line down Woodward happens.
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Hubbardfarmer
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Username: Hubbardfarmer

Post Number: 21
Registered: 10-2008
Posted on Wednesday, December 17, 2008 - 7:10 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

This is probably a rehash for some in this forum, but Forbes did a much more extensive and revealing article on Moroun about four years ago:

http://www.forbes.com/business /forbes/2004/1115/134.html

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