REPORT: Panel okays money for added exhibition space for relocated Detroit Auto Show - if Cobo talks fail
Even though the city of Detroit would be relieved of $15-20 million per year in repairs and a $20 million cash payment, the city council turned down the Cobo expansion deal. The defeat of the proposal left the future of the show in the state of Michigan in doubt, so Oakland County executive L Brooks Patterson offered up the Rock Financial Showplace as a future site of the auto show.
According to The Detroit Free Press, that idea is one step closer to reality as a state senate panel has approved up to $135 million to expand the much newer convention center to accommodate future auto shows. The money for the proposal would come from hotel and cigarette taxes, and the money officially goes to the Novi, MI facility if a deal on Cobo isn't reached by July 1.
[Source: Detroit Free Press]
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