• 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. 

Hyatt Regency Aruba Resort Spa and Casino is completing the second phase of its multimillion-dollar renovation, resulting in new guest rooms, an adults-only pool and private outdoor event space. 

 

Walter Bond’s latest book, “Swim! How a Shark, a Suckerfish, and a Parasite Teach You Leadership,” Mentoring, and Next Level Success has landed itself on two top seller lists this year. Ranking No. 15 in the month of October and No. 7 in November as one of the best business books, “Swim!” is a must-read for anyone looking to achieve greatness in the corporate world.

 

Formerly known as the Blackstone Hotel, the property will reopen as the Kimpton Cottonwood Hotel in spring 2020. Located in the Blackstone District, the oldest neighborhood in Omaha, Nebraska, the lively area is home to some of the city’s best bars, restaurants and nightlife. Its new name, Kimpton Cottonwood Hotel pays tribute to the original Blackstone Hotel’s Cottonwood Room bar that housed a Cottonwood tree growing from the center of the circular bar.