This week is Detroit's chance to prove that the city's comeback has begun as thousands of automotive executives, suppliers and members of the news media arrive there for the annual North American International Auto Show, the New York Times reported today. The auto show has historically been a financial boon to the city, and this year is no exception. Organizers estimate that it will contribute $365 million to the local economy in wages and other spending. Yet with the city mired in chapter 9 bankruptcy, the event has taken on added importance. City leaders are quick to point out other early signs of a broader revival, such as a nascent technology sector, new restaurants and retail stores, and the revamped Cobo Center convention facility, where the auto show’s media previews begin today.
