Javits and the Big Apple Get Some Expansion?
I have heard that the economy has frozen some of the plans for convention sites to upgrade and to expand. This is apparently not the case for the Javits Center in New York. This from Trade Show Week on the announcement:
The Empire State Development Corp. board of directors has approved the $463 million expansion of the Jacob K. Javits Convention Center of New York. The 100,000 square foot expansion will include 40,000 net sq. ft. of exhibit space and will be funded with proceeds from Hotel Unit Fee-secure Revenue Bonds that were issued by the ESDC in 2005.
I had a debate with another person in the convention and trade show industry that many sites will scrap all plans for expansion and I guess my side of the argument is not coming to fruition. I am holding to my idea that plans for expansion will hold until the economy gets a boost, this may be an anomaly. Problem is I think I lost a bet and it is going to cost me a beer.
Tags: Jacob Javits Center, New York, Convention Centers
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