Jones Lang LaSalle
Economic recovery disappointing in NYC
Published on January 23, 2006
New York City lost jobs in December, capping a weak fourth quarter and a disappointing year. Despite strong performances from Wall Street and tourism, the city gained only 33,800 jobs in 2005, according to NY Stat. The city has recovered only about 20% of the jobs lost in the 2001-2003 recession and did far better during a similar recovery in the 1990s.
The Empire State Development Corp. will unveil a new plan for the expansion of the Jacob K. Javits Convention Center today that reduces the amount of additional space by 100,000 square feet, while adding a controversial third floor. The plan calls for an expansion one block north rather than two, to 39th Street--for a total of 1.7 million square feet of exhibition space. The cost of revamping the Javits Center has ballooned to $1.8 billion, 50% over estimates.
Economic recovery disappointing in NYC
Published on January 23, 2006
New York City lost jobs in December, capping a weak fourth quarter and a disappointing year. Despite strong performances from Wall Street and tourism, the city gained only 33,800 jobs in 2005, according to NY Stat. The city has recovered only about 20% of the jobs lost in the 2001-2003 recession and did far better during a similar recovery in the 1990s.
The Empire State Development Corp. will unveil a new plan for the expansion of the Jacob K. Javits Convention Center today that reduces the amount of additional space by 100,000 square feet, while adding a controversial third floor. The plan calls for an expansion one block north rather than two, to 39th Street--for a total of 1.7 million square feet of exhibition space. The cost of revamping the Javits Center has ballooned to $1.8 billion, 50% over estimates.
posted by Jones Lang LaSalle NJ News Blog at 10:41 AM
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