City Council Budget Committee Presentation on Convention Center Expansion
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City Council Budget Committee Presentation on Convention Center Expansion
- 2. 21 Years of Success 2 Economic Impact $20.8 Billion Direct Attendee Spending $8.6 Billion Tax Revenues $399.6 Million Hotel Room Nights 12.4 million Number of Events 4,684 Attendance 17.2 million
- 4. Proposed Program (leasable space only) Type of Area Area Exhibit Hall 225,000 Meeting Rooms 101,000 Ballrooms 80,000 Total 405,100
- 6. Additional Annual Economic Benefits from Expansion Total Economic Impact $698 Million Direct Delegate Spending $372 Million Occupancy Taxes/Assessments $15.1 Million Sales Tax Revenue $.8 Million Permanent Jobs Generated 6,685
- 7. Size Matters Program and Revenue Sensitivity Lost Annual Room Sales Program Reduction $10,534,000 10,000 SF exhibit hall $1,883,000 1,000 SF ballroom
- 8. Port Lease
- 9. Due Diligence “Test Fit” 150’ tall, 1,266,719 SF and $711,000,000
- 13. 750,000 GSF of Contiguous Exhibition Space
- 14. 2 Levels with Mezzanine
- 15. 80.000 GSF Ballroom on the Bay
- 18. Accessible Public Realm Space Existing Condition 331,000 SF/7.6 Acres Summer 2011 Design 468,000 SF/10.75 Acres 137,000 SF or 3.15 Acres New Public Realm Space
- 19. Public Realm—Access Summer 2011 Design
- 22. Bryant Park—NYC
- 23. Current Design
- 24. Current Design
- 25. Current Design
- 26. Current Design
- 29. Proposed Hotel Room Sales Assessments
Hinweis der Redaktion
- The San Diego Convention Center exists to generate money and jobs for the entire San Diego region: We ’ve generated nearly $21 billion in economic impact in 21 years. The center supports more than 12,000 fulltime jobs throughout the county, from the grower in Vista to the manufacturer in Chula Vista, from bus drivers to executive chefs, from housekeepers to lawyers… and it ’s become part of the foundation of San Diego’s third largest industry, tourism. We ’ve generated more than $399 million in Transient-Occupancy Tax and sales taxes paid by attendees in the last 21 years. That doesn’t even include the property taxes and ground leases paid by hotels that wouldn’t have been built without the convention center. That defrays costs to you , the local taxpayer, for police in University City, fire protection, streets, parks and libraries….services that YOU require and enjoy, paid for by visitors. This building reduces every San Diegans ’ tax burden, and that’s the value Mayor Sanders is focused on.