If all goes as planned, Ford will receive more than $100 million in tax abatements from the City of Detroit as part of a proposed $238.6-million aid package the auto company plans to submit for its tech campus in Corktown, according to a presentation made Monday night by the Detroit Economic Growth Corp.

In June Ford announced that it had purchased the Michigan Central Station and several other properties in the neighborhood for the purpose of building a tech campus where as many as 5,000 people eventually could work.

It had been implied, at the time, that tax abatement would play a role in the development, but the specifics had been vague, with Ford opaquely sharing last month that it planned to spend nearly $740 million on renovations and would seek from "federal, state and local economic development groups and officials" at least $250 million in "tax or other incentives" to support the project.

On Monday, the DEGC broke down how this would ideally play out — with $103,591,804 in tax incentives coming from the City of Detroit and $134,967,693 coming from other sources. The total estimated abatements come out to $238,559,497.

The tax abatements would come from an array of requested incentives.

According to the presentation, Ford is asking for:

$208,796,791 in tax abatements for being in a Renaissance Zone. This is an abatement of real and personal property taxes, city corporate income tax, and utility users tax. It would occur over 30 years. Nearly $90 million would come from the City of Detroit.

$8,056,085 from the Commercial Rehabilitation Act (P.A. 210). It would occur over 10 years. Nearly $4 million would come from the City of Detroit.

$18,763,677 from the Obsolete Property Rehabilitation Act (OPRA). This act allows the taxable value of a property to be frozen at its pre-improvement value with some exceptions. It would last 12 years and nearly $9 million would come from the City of Detroit.

$2,933,944 from the Neighborhood Enterprise Zone Act. This law allows taxable values of property to be frozen at their pre-improved value. This incentive lasts 17 years (it reduces at 15 years) and just over $1 million would come from the City of Detroit. The benefits accrued would affect future condo owners, rather than Ford.

To come up with these figures, the DEGC said it analyzed the economic benefit of having Ford move to Corktown. It said it anticipates a $370.1-million net fiscal benefit to the city over 35 years.

That number was arrived at by estimating the number of jobs Ford would bring to the city (an estimated 2,500 direct permanent jobs, 2,500 indirect jobs in Ford facilities and 2,000 construction jobs) and also the promise by Ford to invest nearly $740 million in the rehabilitation of blighted buildings like the train station and the Book Depository.

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While proponents of tax incentives pointed to the jobs the project could bring, critics questioned why a multibillion-dollar company like Ford cannot foot the bill itself.

"They have literally $17 billion in their bank. They're not going to go out of business unless they suck at business," said North Corktown resident Jon Koller, an engineer who attended the Ford-Corktown community meeting Monday where the DEGC presented the incentive plan.

According to the company's most recent quarterly report, it has $16.8 billion of cash on hand.

"We got a company taking $100 million out of city future tax receipts. They're taking the cool thing we did — the train station is the most famous building in the world. This is the good thing. We're going to have $100 million less, just in the city, to do stuff," Koller said.

A Ford Land spokesperson said Tuesday morning: “We are excited by the opportunities that Ford’s investment in train station and other key Corktown sites will bring, not only for the larger resurgence of the neighborhood but all of southeast Michigan, including economic growth, attracting world-class talent and leading the development for the next generation of the automotive industry."

The spokesperson continued: "The City of Detroit and the State of Michigan offer tax incentives to encourage and fund redevelopment projects, especially such a historic project as Michigan Central Station. These types of incentives have been applied to comparable projects recently completed or currently underway in the city. The project would not be financially feasible without the support of incentives.”

For comparison purposes, Michigan offered Amazon $4 billion in incentives in the failed bid to lure Amazon's second headquarters to Detroit, the Michigan Economic Development Corp. said in May.

According to the DEGC, the Corktown incentive approval timeline is in crunch mode because at least one deadline is quickly approaching: Municipalities seeking incentives under OPRA must submit proposals to the State Tax Commission by Oct. 31.

City officials aim to submit the incentives package to the City Clerk by Sept. 19. On Sept. 25, City Council as a whole will refer the package to the Planning and Economic Development (PED) Committee. On Oct. 11, there will be a public hearing and review by PED. On Oct. 16, City Council will vote on the incentives.

According to the DEGC, work on the train station will not begin without the OPRA approval.

Contact Allie Gross: AEGross@freepress.com. Follow Allie on Twitter @Allie_Elisabeth. Free Press staff writer John Gallagher contributed to this report.