For NY Governor, Javits Center is Out

The 80s-era convention center on the far west side of Manhattan would be turned into a mixed-use development and a Malaysian gambling company would instead redevelop the Aqueduct Racetrack in Ozone Park, Queens.
January 6, 2012, 7am PST | Judy Chang
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"New York Mayor Michael Bloomberg called the Aqueduct plan 'a great idea.'"

"Steve Malanga, a senior fellow at the Manhattan Institute, a nonprofit research group that favors lower taxes and reduced government spending, questioned the wisdom of a building a convention center at Aqueduct.

'There's no incremental business to be gained, even by the top players in the business,' he said in an e-mail, noting occupancy at McCormick Place is stuck at around 55 percent. 'Additionally, the lure of New York is of course the attractions of Manhattan, but I question whether putting a big facility in Queens would be effective in luring major conventions.'"

Thanks to Michael Snidal

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Published on Wednesday, January 4, 2012 in Bloomberg
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