NYC Could Lose $309 Million from Republican Convention

[Quetzal]

NYC Could Lose $309 Million from Republican Convention

NEW YORK (Reuters) - New York City stands to lose about $309 million as a result of the Republican National Convention, the city comptroller's office reported on Tuesday, contrary to the city's claim of a $265 million economic gain.

Mayor Michael Bloomberg has touted the four-day event that starts on Aug. 30 as an economic boom, bringing in about 50,000 visitors to the city, including 14,000 delegates.

Many of the streets surrounding Madison Square Garden, the site of the convention, will be closed to traffic, and businesses in the area have been bracing for what they lament could be a financially draining week.

Eli Rios, who owns Aurora Gallery as well as a fine art restoration business just two blocks from the convention site, is trying to rent his space for parties and art shows during the political fest, rather than use it for restoration jobs.

more...

http://www.reuters.com/newsArticle.jhtml;jsessionid=3EUZ2NX2UUUAUCRBAEZSFEY?type=domesticNews&storyID=6059805&pageNumber=1

[smirkymonkey]

1. Yeah, and then Bloomberg turns around and tells the NYPD and

the NYFD that he has no money left for them.

After the convention, he's going to be as hated as GWB in this city.

[leesa]

2. Well, this will make New Yorkers extra special happy with the GOP

[Endangered Specie]

3. The GOP sucks money wherever they go.

[krkaufman]

4. And the duplicitous bastids won't allow a Central Park protest...

... because of the cost associated with repair to the lawn?!?

Just shameful.

[stevedeshazer]

5. The city should bill for all the police OT

Other cities have billed Bush/Cheney appearances.

[bluestateguy]

6. No city is ever going to want to host conventions again

At least not unless the parties or the government pony up the money for security.

[foo_bar]

7. the black market will make $265 million

in the end they'll leave poorer than they came.

[Born Free]

8. the black market will make $265 million

That's the problem there is too muach "fu**ing" overhead. The GOP loves to say one thing but do the opposite, they will be flooding the black market spots to do what they do best, be hypocrites.

[nodehopper]

9. yeah, the GOP f*cks us at every turn. It's true.

And people "don't understand" why we are pissed off and outraged and planning protests.

[truthisfreedom]

10. that link is hosed... here's the real one:

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6059805

[moondust]

11. Delete.