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Originally Posted by bobcat
Where are you getting these numbers from?
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Just look at a map, it's pretty clear that the West Hall will not fit on the proposed site for the new hall. Thus, the physical limitations of the space will lower the square footage of total available convention space unless a football stadium is built.
But, let's just say for the sake of argument, they were somehow able to fit the entire size of the current West Hall onto the new site. That still wouldn't give the city enough of an incentive to finance the $350 million in bonds just to simply to have a renovated West Hall moved 60 yards to the south. They are interested in an EXPANSION. They are way behind places like Las Vegas and San Diego, and it is critical that they INCREASE their convention space. They will not approve a new development on that property unless it gives them such an expansion.
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The new West Hall is scheduled to be completed before the football stadium is ever built. Thus at minimum it needs to maintain the convention center's current size in order to accommodate already booked conventions.
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AEG was quoted as saying that even under the most efficient construction schedules, they may still have to shut down part of the convention center for some period of time. So they are currently booking future conventions with the knowledge that 100% of their current space may not be available the entire time.