After decades of decline in industry, an extremely high poverty rate, and suffocating long-term pension obligations, the city of Detroit filed for the largest municipal bankruptcy in U.S. history last week. The process is expected to take several years, and will likely face many challenged from stakeholders and creditors. But management of Detroit’s Cobo Hall and the North American International Auto Show vow that the city’s troubles will not impact the long-running annual event, reports Automotive News.
Management of Cobo Center shifted from the city to an independent regional authority in 2009, consisting of representatives from the three counties that represent the metropolitan Detroit area, and other board members appointed by the city and state. The center is currently undergoing a $299 million dollar renovation to add additional meeting space and make other improvements to counter some automakers’ objections to the quality and facilities of Cobo.
Operating independently of the city also allows Cobo management to select its own staff for security, rather than using Detroit police, who are already stretched thin with one of the highest urban crime rates in the country. Security for the upcoming 2014 show is expected to be tighter in the wake of the Boston Marathon bombings.
Source: Automotive News (subscription required)