Schumer, Bloomberg Want Javits Rehab Fast-Tracked

Less than a week ago, as GlobeSt.com reported, the Public Authorities Control Board gave the go-ahead for the redevelopment, the first phase of which would cost $1.7 billion. Phase II would ring up at $600 million. When the dust clears on the project, the city would be left with a facility that is effectively double in size, with 820,000 sf of new exhibition, meeting room and banquet space.

Schumer and Bloomberg are also lobbying for a westward face to the center, "improving the way in which the facility relates to the Hudson River Park when it is completed," a statement relates. "Making the Javits accessible from this 'back side' will create the possibility for a future western expansion."

"New York City needs a convention center that can host the biggest, most lucrative trade shows and conventions," Schumer says. "Building Phase II now will help create thousands of new, permanent jobs and secure the future of our tourism industry by developing a convention center that will bring millions of new dollars to local hotels, restaurants, theaters and businesses. Everyone will benefit from this expansion."

"Why delay Phase II of the project and wait for costs to increase?" Bloomberg asks. "An expanded Javits will not only generate tens of million in new annual tax revenue but it will also double the current size and allow the city to host many more conventions, trade shows, exhibitions and special events, sending a resounding message that New York City is open for new business."

The project is being paid for through contributions from New York State, New York City, a dedicated hotel-key surcharge of $1.50 per night, and the sale of publicly owned property.