In March. the Adirondack Almanack reported on the proposal to build another Convention Center in Lake George. We pointed out that its been long understood by people who bother to look that:
a highly critical report on the convention industry for the Brookings Institution… found that various factors such as industry consolidation, telecommunication advances and rising energy costs have contributed to a nearly 50-percent drop in convention attendance since the late 1990s. But meanwhile, more than 100 U.S. cities completed or began construction of convention centers, increasing the supply of available exhibit space by more than 50 percent.
Now New York State has given $20 million to a convention center in Lake Placid and the Lake George Forum owners have offered to “expand their facility into a full-fledged convention center with an exhibition hall, ballroom and parking deck to be operated by a new public authority.” We can only hope they use similarly wacky design prinicples.
Once built, Lake George Venture Partners, owners of the Forum, would either sell the facility to the authority for $13.5 million or lease it for $775,000 annually, under a proposal to be presented to the Executive Host Committee of the Warren County Board of Supervisors at 1:30 p.m. Friday [July 28] at the Warren County Municipal Center.
Hmmmm… we wonder who makes out on that deal – certainly not the taxpayers of Warren County we’ll bet.