Because it has lots of demand and not enough supply, New York City is losing valuable convention business to other destinations, city officials agreed at an April 14 City Council meeting, during which the New York City Economic Development Corporation (NYCEDC) and NYC & Co., the city's tourism agency, discussed plans for building New York's second large-scale convention center, The Epoch Times reported last week.
Currently, the Jacob Javits Center is New York's principal convention venue. When it's full, meetings currently spill over into places like the Barclay Center in Brooklyn, Citi Field in Queens and Madison Square Garden in Manhattan — all of which are designed primarily for sporting events, not meetings.
To expand New York's capacity for citywide conventions, NYCEDC currently is eyeing land in Willets Point in Queens. Although no plans have been finalized — NYCEDC is currently tied up in litigation with Willets Point residents, who oppose development in the area — the city hopes to break ground on a new 400,000-square-foot facility in 2013.
"The city has laid very important groundwork to make the realization of a convention center possible," NYCEDC Vice President of Development Tracy Sayegh Gabriel said, according to The Epoch Times.