Tuesday, April 6, 2010
The embattled city of
Detroit received good news this week with the announcement that Henry Ford Health System plans to invest $500 million in its hospital campus. New Center
The move is part of a nearly $1 billion proposal to establish a “
” of retail, housing and medical office development immediately south of the hospital. The plan would create 250 high-paying jobs, Henry Ford officials say, but the project is also intended to lure other businesses, including medical device manufacturers and suppliers. Community Health Park
The announcement follows closely on the heels of the news that Vanguard Health Systems Inc. intends to spend hundreds of millions to purchase and upgrade the
, which we’ve commented on here. Detroit Medical Center
From The Detroit News:
The plan is part of Henry Ford's bold vision for the bleak area surrounding its
medical center, where the main entrance faces a neighborhood rife with vacant lots and boarded-up houses. It also signals a new direction for the Detroit-based, seven-hospital health system, which wants to play a bigger role in driving economic development in the city. Detroit
"Someone has to take the first step," said William Schramm, Henry Ford's senior vice president for business development. "We're all sitting around the table looking at who's going to invest first, and everybody is then willing to follow."
The ambitious Henry Ford plan still faces hurdles, including lining up an extra $500 million in outside investment and securing support from the city on issues like utilities, realigning streets and tax incentives. There are also sensitive issues involving compensating residents for their homes.
The Michigan Blues feel strongly that the health of the state is closely intertwined with the health of
’s largest city. You can’t have a healthy Michigan Michigan without a strong, vibrant . For that reason, we applaud Henry Ford’s bold proposal. Detroit
At Blue Cross, we’ve long embraced a mission of supporting our state’s core cities. In addition to being headquartered in
Detroit, we operate offices in Grand Rapids and , among other locations. Saginaw
We’ll also be consolidating roughly 250 employees into the new Accident Fund subsidiary headquarters in downtown
when it opens in 2011. Lansing
Photo courtesy of Henry Ford.