The enlarged facility will contain approximately 355,000 sf oftrade show and conference space. The project will also feature a9,300-sf winter garden and accessible open space around theperimeter of Pier 94--amenities that will be maintained by thedeveloper. A 60,000-sf logistics center, located on Pier 92, willaccommodate loading and unloading, storage and otherback-of-the-house functions to relieve traffic congestion.

The $100 million renovation will create about 1,200 constructionjobs, employ about 150 workers during trade show operations, andproduce about $360 million in economic activity over 25 years."This new, expanded facility will enable us to accommodate more ofthe mid-sized trade shows that we know want to come to New YorkCity," says Nycedc president Seth Pinsky, in a prepared statement."Convention business, including trade and consumer shows, last yeardrew nearly four million visitors to the City and injected $4.32billion into the local economy. This new, expanded facility willallow us to win a greater share of this multi-billion dollarbusiness."

City Council Speaker Christine Quinn notes that "each year, NewYork City loses out on billions of dollars because we don't have anadequate trade show facility. This is an industry that createsgood, middle-class jobs that can support families and strengthencommunities. Expanding and improving the Pier 94 facility toinclude Pier 92 will allow our City to compete for decades tocome."