Friday, June 15, 2012

Pier 76's Proposed Transformation


New York City’s Javits Convention Center could expand further towards the Hudson River. It is currently undergoing a $463 million renewal and expansion. A redesigned convention center could include 1 million square-foot casino and hotel development and possibly a Ferris wheel. Other sites being explored include Willets Point, Sunnyside Queens, Yonkers raceway and the Governor’s Island.
Before a casino becomes a reality, a constitutional amendment allowing full scale gambling must be enacted. If that does not happen, the casinos may lose interest in this project, because “Convention centers are not that profitable."

Reference: Kuczala, Jon, For new convention center, all bets are on, CrainsNewYork.com, June 10, 2012
Photo Credit:  Arnold Reinhold under the Creative Commons Attribution 2.5 Generic license.
 
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