Cobo ended the 2011 fiscal year Sept. 30 with $7.6 million, compared with $3.6 million in 2010. The level of state and federal subsidies also dropped from $20 million in 2010 to $12.5 million in 2011.
...
[Patrick Bero, CEO and CFO of the Detroit Regional Convention Facility Authority] attributes the improved financial performance to the hiring of a professional management firm, West Conshohocken, Pa.-based SMG. The sales team has increased activity and negotiated more favorable vendor contracts.
Read More.
