NEW YORK, NY
The governor of New York has proposed tearing down the Javits convention center and replacing it with a new convention center and hotel in a joint venture with Genting Group, Kuala Lumpur, Malaysia.
The proposal would replace the Jacob K. Javits Convention Center, located in Manhattan, with a new $4 billion convention center located adjacent to the Aqueduct Race Track in Queens and funded by Genting. The convention center would be the largest in the U.S. at four million square feet and include 3,000 hotel rooms. The casino space at Aqueduct would also be expanded.
Genting has already invested $800 million to turn the racetrack into the racino with the addition of Resorts World Casino New York City, which opened in October 2011. Under the proposal the former Javits site would be redeveloped as residential housing. “This will bring to New York the largest events, driving demand for hotel rooms and restaurant meals and creating tax revenues and jobs,” Gov. Cuomo said on Wednesday.
The proposal will need to pass the state legislature before moving forward.
