• Detroit’s Cobo Center Awards Naming Rights to Chemical Bank

     
    POSTED February 27, 2019
     

In an unprecedented move, The Detroit Regional Convention Facility Authority (DRCFA) has awarded the naming rights of Cobo Center to Chemical Bank, the largest bank headquartered in Michigan. Chemical Bank and the DRCFA will announce the new name of the convention center by the end of 2019; the name will remain Cobo Center until that time. Chemical Bank was selected to receive naming rights after an extensive competitive process.

“Our announcement gives us all an important message: that public-private partnerships work, and that we continue to dedicate ourselves to serving the customers of this great Center and to the rebuilding of a truly great American city,” says Larry Alexander, Chairman of the DRCFA and President and CEO of the Detroit Metro Convention & Visitors Bureau. “There could not be a better partner than Chemical Bank.” 

The DRCFA has worked diligently to ensure the current Cobo Center is a financially self-sustaining facility by 2024. The DRCFA is currently ahead of schedule and has saved the state’s taxpayers an estimated $74.7 million since its inception in 2009. The naming rights initiative for the convention center has been a longtime goal of the DRCFA. Michigan taxpayers will receive significant benefit in sponsorship revenue to offset the cost of operating the convention center. 

Chemical Financial Corporation recently announced its merger with TCF Financial Corporation, which will be headquartered in a new 20-story building in downtown Detroit. The combined holding company and bank will operate under the TCF name and brand following the closing of the merger. The merger is expected to close in the late third or early fourth quarter of 2019. 

The goal of most charity events is to generate as much money and awareness for the cause as possible. Sometimes that’s easier said than done, especially with countless galas, walks and campaigns vying for donor attention. 

So how can organizers ensure their fundraisers stand out and stay fresh year after year? What are the best ways to build relationships with donors and maximize their contributions? Fundraising experts from six Michigan nonprofits shared what works for them.

Designate an honorary chair (or two) to headline your event.

 

As of August 2019, Detroit’s renowned convention center is officially renamed the TCF Center

The change came in the form of an unprecedented 22-year naming rights deal that will set the venue for financial success in the future, as well as a move toward becoming a self-sustaining facility by 2024.  

 
In July, Chris Heeter, The Wild Institute and thousands of fans had to say goodbye to beloved speaker dog Tuu Weh.

With her fists closed tightly, Chris Heeter let her hands drop lightly to her sides, opening her palms widely and wildly. And with that small, simple motion, Heeter was unknowingly opening not just her hands, but her heart to a presence that would change her life as well as thousands of others.