
“Is It Time to Stop Building Convention Centers?” — NCPA
RIDER NOTE: Perhapsa more accurate question is this: “Is it time to stop building PUBLICLY FINANCED and SUBSIDIZED convention centers — without a vote of the electorate?” Hmmmm . . . let me think . . .—–
Daily Policy Digest
Tax and Spending IssuesJune 26, 2012
Is It Time to Stop Building Convention Centers?Over the last 20 years, convention space in the United States has increased by 50 percent; since 2005, 44 new convention spaces have been planned or constructed in this country alone. That boom hasn’t come cheap. In the last 10 years, spending on convention centers has doubled to $2.4 billion annually, much of it from public coffers, says Amanda Erickson, associate editor at The Atlantic Cities.
The resultant glut of convention centers, however, has undermined the financial strength of these notable investments. The annual number of conventions is down, as are the number of attendees, and convention centers are… Read More