• 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. 

Speaking at this year’s Pure Michigan Governor’s Conference on Tourism, which took place on April 19-21 at Grand Traverse Resort and Spa, Governor Gretchen Whitmer had a clear message: the citizens of Michigan play a key role in supporting the state’s tourism industry. 

 

Exhibitors at Huntington Place, Detroit’s newly renamed convention center, will be interacting with a new electric service provider, beginning April 1st.  Karen Totaro, general manager for ASM Global and Huntington Place, has announced Freeman as Huntington’s exclusive electric service provider.

 

Destination Ann Arbor will hold its 2022 virtual Annual Meeting on Wednesday, April 6, from 11:00 a.m.-noon.  The meeting will feature an address by Adam Sacks, founder and president of Tourism Economics, a company dedicated to understanding the relationship between travel and the economy. For more than 25 years, Sacks has worked with destinations, industry associations, and companies around the world to deliver market assessments, forecast scenarios, policy evaluations and economic impact studies.