Using Magnet Technology to Make a Rotating Space Station?

For an artificial gravity ring station, could you make a central hub, using similar magnet technology used to levitate magnet trains here on earth, to reduce the amount of mass rotating? My thoughts on a configuration are; a central hub, about the size of an SUV, with magnets within it, and it is rotating using thrusters. The ring rests about 100 yards from the hub (91.4 Meters) and spins along with the hub. How much would this cost, approximately, and what would be some problems with this design?

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Using Magnet Technology to Make a Rotating Space Station?

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