"Although the dream of the NYSCC will not be realized under current conditions, the reality of New York's convention industry remains the same," Cross writes. "If our city is to major conventions, we must build a state-of-the-art plenary hall where tens of thousands can assemble under one roof and hear a keynote address."

The Jets are pursuing two options: remaining in New Jersey and constructing a stadium in Queens. A Jets spokesperson tells GlobeSt.com that the team "expects that a decision will be made about either location in the next few months."

The Hell's Kitchen/Hudson Yards Alliance, a coalition of West Side elected officials and community leaders released its own development plan for the area. "The final defeat of the stadium is a major victory not only for the West Side community, but also for the dozens of community and civic organizations, hundreds of protesters, and millions of New Yorkers who opposed spending more than $1 billion in taxpayer money on a football stadium," says a spokesperson for the Alliance.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.