BOSTON-The criticism of a local conservative think tank has led local hotel and tourism officials to commission a study determining the economic feasibility of the proposed new convention center here in South Boston. The Massachusetts Lodging Association and the Greater Boston Convention Center Bureau have selected PricewaterhouseCoopers to determine whether a market still exists to support the planned $80- million taxpayer-financed facility.

The Pioneer Institute has been a vocal critic of the center, contending that the market for convention centers is declining nationwide and a slowing economy will further impact the future of the center. “In a landscape that is littered with failed convention centers, I could count on one hand the number of successful centers,” Charles Chieppo of the Pioneer Institute tells GlobeSt.com. Despite that, Chieppo contends, “There has never been a single study that has said, don’t build it. The market is undeniable shrinking yet they have never come out with a report that says anything but build it.”

According to Chieppo, Pricewaterhouse does many convention center studies and tends to give the commissioning entity the results it wants. “You can’t look at these reports in isolation,” notes Chieppo. “They are very lucrative.” ProicewaterhouseCoopers is receiving $120,000 for this study.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.