Print Friendly and PDF

February 4: Land Transfer for New Arena District Project Approved; 2014 NAIAS Tallies Third-Highest Attendance

Land Transfer for New Arena District Passes City Council Vote, 6-3

The land transfer for the proposed new arena district, including the new Red Wings hockey arena, passed through city council today, six votes to three. The proposal was called to a final vote following last Thursday’s meeting before the council’s planning and economic development committee.

This is a major breakthrough for Detroit, as the arena district will serve as a strong link between the downtown and Midtown areas of the city. The passing of the proposal demonstrates a great collaboration between city council and Detroit’s ongoing development efforts.

Chamber CEO Sandy Baruah released a statement following the approval of the land transfer for the arena district.

Construction of the $650 million arena is projected to create 5,550 construction jobs, with 51 percent of the workforce to be Detroit residents. The Chamber’s Evette Hollins, Urban Initiatives Manager, testified in front of the committee today and at last week’s meeting in support of the project. To read more about the project, click here.

2014 NAIAS Tallies Third-Highest Attendance, Estimated Economic Impact of $365M

The 2014 North American International Auto Show (NAIAS) again showcased Detroit and the global automotive industry to national and international audiences from Cobo Center. Attendance at the 25th anniversary NAIAS tallied at 803,451 from January 18-26, the third-highest number of visitors in the auto show’s history, and the highest attendance since 2003. NAIAS organizers estimate a total economic impact of $365 million from the event.

The success of NAIAS demonstrates the renewed strength of the auto industry and the Detroit region. It solidified NAIAS as the most important auto show in North America and one of the premier shows in the world.

The Chamber played an instrumental role in hosting Vice President Joe Biden at NAIAS, as he raved to more than 300 industry leaders and media members about the auto and manufacturing industries for job-creation opportunities.

This year’s event featured 50 vehicle debuts and 5,169 journalists, from 60 countries and 39 states, covering the event. In addition to automotive manufacturers, large and small, more than 34,000 suppliers, designers and engineers in the industry from 28 countries had a presence at the show. The Charity Preview attracted 13,826 people, raising $4.8 million for children’s charities in Southeast Michigan. For more information on the NAIAS, click here.

Deadline Approaching to File for Exemption from Michigan Personal Property Tax, Feb. 10

Businesses that own, lease, or possess commercial and industrial personal property with a market value of less than $80,000 must submit paperwork by February 10 to be exempt from Michigan’s Personal Property Tax. This tax relief is estimated to exempt nearly 80 percent of small businesses in the state.

In order to be eligible:

  • Businesses must file the MI Treasury Form 5076 (Affidavit of Owner of Eligible Personal Property Claiming Exemption from Collection of Taxes)
  • This paper work must be submitted by February 10
  • This form and additional information can be found here.

Chamber’s Brad Williams Talks Advocacy Efforts, Immigration Reform on The Paul W. Smith Show

The Chamber’s vice president of government relations, Brad Williams, appeared on WJR 760 with Paul W. Smith on January 28, broadcasted from the MLive hub in Lansing. Williams discussed the Chamber’s advocacy efforts on transportation funding, as well as Governor Rick Snyder‘s plans on immigration reform and protecting pensions and the DIA throughout bankruptcy. For more information on the Chamber’s policy initiatives, please click here.