Jacob K. Javits Convention Center in New York City has finally received approval on its long-awaited renovation and expansion. The project was approved by the Public Authorities Control Board in Albany in early July.
"The Javits Center renovation and expansion project is an important step towards addressing the demand for modern convention space," said New York City Mayor Michael Bloomberg in a statement. "In addition to generating economic activity for New York City, the construction will create real jobs for working New Yorkers."
Initially brought up three New York governors ago, the project was halted by former Gov. Eliot Spitzer due to a more than $3 billion price tag. The recently-approved expansion of the New York convention center has been scaled back in both cost and size. At $463 million, it will include repairs to the convention center's roof and a 100,000-square-foot expansion of its New York meeting space, which encompass 40,000 net square feet of exhibition space.
The Javits expansion project is expected to generate nearly $880 million in direct and indirect sales and 9,000 in direct and indirect construction and construction-related jobs.
View more information about the Jacob K. Javits Convention Center on the Cvent Supplier Network