Genesyxx Member Username: Genesyxx
Post Number: 612 Registered: 02-2004
| Posted on Friday, December 19, 2008 - 11:50 am: | |
Yeah, I'm probably late, but I thought the bailout was dominating the news today. http://www.detnews.com/apps/pb cs.dll/article?AID=/20081219/M ETRO/812190443 |
Detroitnerd Member Username: Detroitnerd
Post Number: 3314 Registered: 07-2004
| Posted on Friday, December 19, 2008 - 11:58 am: | |
Hey, that's great. This will go down as one of the greatest ideas since laying the slab on Belle Isle. |
Detroitstar Member Username: Detroitstar
Post Number: 1395 Registered: 01-2006
| Posted on Friday, December 19, 2008 - 1:12 pm: | |
This only is a good thing if the city markets itself to other large conventions. We now have huge amounts of hotel space and we need to bring the whole convention package into a solid marketing plan. We cant do this sley for the NAIAS. |
Gistok Member Username: Gistok
Post Number: 5991 Registered: 08-2004
| Posted on Friday, December 19, 2008 - 4:28 pm: | |
I'm assuming this is the expansion scenario that includes converting Cobo Arena to convention space, rather than tearing it down and starting from scratch... |
Iheartthed Member Username: Iheartthed
Post Number: 3628 Registered: 04-2006
| Posted on Friday, December 19, 2008 - 4:42 pm: | |
Nothing like a near economic meltdown to light the fire under some politicians asses. Maybe someone should rush a regional government bill to Lansing! |
Thejesus Member Username: Thejesus
Post Number: 3607 Registered: 06-2008
| Posted on Friday, December 19, 2008 - 4:51 pm: | |
No one get too excited just yet. From the Free Press article on the same story... "The legislation creates a five-member governing board to oversee Cobo operations – one member appointed by the city’s mayor, one by the governor and one each representing Wayne, Oakland and Macomb counties. All five have individual veto power over decisions in building and running Cobo. " In other words, Brooks continues to have the ability to veto anything he doesn't like |
Gistok Member Username: Gistok
Post Number: 5992 Registered: 08-2004
| Posted on Friday, December 19, 2008 - 5:09 pm: | |
Yes but it appears that the key word is "operations"... how does that relate to "construction" (or current/future expansions)? I know it says "in building or operating Cobo". But does that mean in managing the proposed expansion(s)... or in being the final arbiter of what gets built? (Message edited by Gistok on December 19, 2008) |
401don Member Username: 401don
Post Number: 896 Registered: 11-2007
| Posted on Friday, December 19, 2008 - 5:39 pm: | |
It does say, "The Authority will have the power to sell bonds to pay for the renovations." That tells me if Patterson does like the terms/interest rate of the bonds than he can veto the renovations. |
Bibs Member Username: Bibs
Post Number: 319 Registered: 10-2003
| Posted on Saturday, December 20, 2008 - 10:44 pm: | |
What will the final total square footage be? I think 50 thousand sq ft was recently added. So it will end up being around 900,000 sq feet? Definitely gets us where we want to be. Will certainly help fill up the new hotels. |
Lmichigan Member Username: Lmichigan
Post Number: 3939 Registered: 10-2003
| Posted on Saturday, December 20, 2008 - 11:10 pm: | |
166,000 additional square feet gets the exhibition space to 866,000 square feet. So, year, pretty close to 900,000 sq ft. It'll be interesting to see where it gets added to. |
Glowblue Member Username: Glowblue
Post Number: 76 Registered: 09-2008
| Posted on Sunday, December 21, 2008 - 12:04 am: | |
quote:Hey, that's great. This will go down as one of the greatest ideas since laying the slab on Belle Isle. Because a racecar paddock that is used once a year is the same thing as a convention center? |
Detroit313 Member Username: Detroit313
Post Number: 764 Registered: 02-2006
| Posted on Sunday, December 21, 2008 - 12:11 am: | |
I will believe it when it's built. <313> |