Detroit city leaders are exploring a new revenue stream that could generate up to $47 million annually through an admission tax on concerts and sporting events, according to a study released Wednesday.

The tax would require action from the Michigan Legislature, Detroit City Council and a vote from Detroit residents before implementation. Currently, 34 other states allow similar local admission taxes.

The Citizens Research Council of Michigan study shows a 3% tax could bring in roughly $14.1 million per year, while a 10% tax could generate $46.9 million annually for the city.

"Not surprised, but encouraged," Detroit City Councilmember Gabriella Santiago-Romero said.

Santiago-Romero is among the city leaders supporting the possibility of an admission tax. Detroit City Council recently co

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