Are Convention Centers Worth the Investment?

Are Convention Centers Worth the Investment?

By Monica Compton, November 8, 2016


Venue Stats 300 events in 2015, attracting 2.4 million visitors

Economic Impact $486 million

Screen Shot 2016-03-22 at 5.09.05 PMWhat the City Says “Generating $9 million in occupancy tax per year, we’re in fourth place behind San Diego, Anaheim and San Francisco,” says Brad Gessner, senior vice president of AEG Facilities and general manager of Los Angeles Convention Center. “Anaheim has 11,000 hotel [rooms] within walking distance of their convention center. San Diego has 9,000 and [Los Angeles] has 3,500 rooms.”

Renovation Start Date Late 2017

Expected Completion December 2020

Expansion Details A new 97,000-sq.-ft. ballroom; 59,000 square feet of additional meeting rooms; 145,000 square feet of new exhibit space

Added Amenities A 75,000-sq.-ft. outdoor ballroom; a 1,000-room hotel connected to the West Hall; 755 rooms added to nearby JW Marriott Los Angeles L.A. Live for a total of 1,633 rooms; a new 900-room InterContinental hotel opening in 2017

Controversy The convention center’s new square footage isn’t being put on an empty lot—it’s going vertical atop existing postwar buildings—“some more tired-looking than others,” describes the Los Angeles Times. Instead of a high-designed, statement structure, the building will be pieced together.

Bankrolled By Bonds issued to pay for this project could be paid for by taxes already being charged to hotel guests.

(Visited 542 times, 1 visits today)

Jordan Atherton, CMP, senior advisor and meeting and event planner at 1st Global, identifies how to create a risk management plan so your attendees are

Delilah, "the most listened-to woman in America," opens her heart on faith career and fighting for children across the globe.

Traveling can be fun, but it can also be a nightmare if you’re not properly prepared.

He's not just our Connect Faith 2019 keynote speaker and football/baseball star athlete, Tim Tebow co-produced the faith film, “Run the Race” with

Planners need to know the “why” to create direct business results for clients.

Johnny Hunt has spent decades teaching men to find their calling.

Author and public speaker Katherine Wolf discusses her inspirational recovery from a massive stroke.

In order to be creative, you must be vulnerable. Find out more tips on how to express yourself from creativity guru Timo Kiuru here.

Connect Meetings talks to Sports Management and Tourism Director Chad McKenzie about Round Rock, Texas' expansion into tourism and meetings.

During a recent speech at Leadercast, Andy Stanley challenged the way leaders often delegate.

Join your peers on both sides of the buyer/seller coin as we tackle some of the stickiest RFP issues and ideas on what to do about them.

Read More