Auto show driving plans to expand Cobo
A look at Cobo’s proposed expansion and how it could impact localeconomy, and the future of the Auto Show here.
A look at Cobo’s proposed expansion and how it could impact local
economy, and the future of the Auto Show here.
Excerpt:
“Overall, the auto show is a very, very positive thing for Michigan.
It’s a signature event that we already own,” said Lansing economist
Pat Anderson. “There’s no question that it’s worth keeping and worth
doing something to improve.”
Indeed, portfolio manager David Sowerby of Loomis Sayles & Co. in
Bloomfield Hills, pegged the economic benefit of the 2006 show at $580
million.
“I also look at how it looks compared to the ’80s and ’90s, and it’s
measurably better,” Sowerby said. “But our competitors have not sat
still, whether it’s Chicago or Los Angeles.”
Click here for the full story.
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