The facility and its attached arena initially cost $56 million. It was designed by the Detroit architectural firm Giffels & Rossetti and took four years to complete. Louis Rossetti was the chief architect. The facility is on the site where Antoine de la Mothe Cadillac, a French colonist, first set foot and landed on the banks of the river in July 1701 and claimed the area for France in the name of King Louis XIV. The first convention at the facility was held in 1960 by the Florists' Telegraph Delivery (FTD). The first event was the 43rd Auto Industry Dinner on October 17, 1960, at which President Dwight D. Eisenhower was the keynote speaker. In 1989, a renovation was completed to expand its size to 2,400,000 square feet (220,000 m2).

Joe Louis Arena, named after boxer and former heavyweight champion Joe Louis, was built adjacent to the facility. It served as the home of the Detroit Red Wings of the National Hockey League from 1979 until its closure in 2017 when they moved to Little Caesars Arena. Demolition of the arena began in 2019.

In 2009, Mayor Kenneth Cockrel Jr. vetoed the Detroit City Council's resolution against the expansion of the facility. Shortly after, the facility came under ownership and operation, through a 30-year capital lease, of the Detroit Regional Convention Facility Authority (DRCFA). The five-member Authority Board consists of one representative from each of five government agencies – the City of Detroit, State of Michigan and the three Metro Detroit counties of Wayne, Oakland and Macomb. Consensus agreement from the authority is needed for all decisions, and it has become a model for regional cooperation in Southeast Michigan.

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