Detroit auto show ‘super’ boost for ailing city
DETROIT (AP) — Call it a 21st century paradox.
The city of Detroit is in bankruptcy, mired in debt of at least $18 billion. But the industry it’s synonymous with has left its own financial problems in the rearview mirror.
This month, the industry comes to the Detroit area’s aid, with an economic boost estimated at nearly $400 million from its annual North American International Auto Show.
The impact isn’t solely financial. A successful show can help give local residents and businesses confidence that the city can get back on its feet again.
Press previews are planned for Monday and Tuesday. The public show runs from Jan. 18-26 at Detroit’s Cobo Center.
It’s expected to draw about 5,000 journalists and 800,000 visitors. More than 500 vehicles will be on display.