Detroit, Michigan – Detroit’s Cobo Center, the home of the North American International Auto Show, will be receiving much-needed improvements that will ensure it can remain home to the annual event.
Newly-enacted legislation will include a US$300 million deal for upgrades to the building. The bill states that Cobo Center will remain the property of Detroit, with a regional authority leasing it for the next 30 years. Additional support will come from state funding, along with cigarette, hotel, liquor and county taxes.
“Cobo Center has been the home of the North American International Auto Show for 44 years and our goal has always been to keep it there, at the heart of an automotive-driven community,” said show senior co-chair Doug Fox. “This bill ensures we will be able to give our customers some immediate improvements for 2010 and continue renovations over the long term to offer a world-class facility to our exhibitors.”