New research shows gulf between perceived and actual return on investment....
NEW CONVENTION CENTRE IN NOVA SCOTIA TO OPEN JANUARY 2016 posted on: 16/7/2012 09:21:28
AMERICAS - A new convention centre in downtown Halifax, Canada is expected to open in January 2016, according to a memorandum agreement between the city and the province.
The Halifax Regional Municipality is set to approve an agreement with the province that could see construction start on the Argyle Street Complex, which includes the convention centre, a hotel and office tower, later this year.
After months of delays the cost of the US$160m project has increased by $4.9m, with the federal government covering the added cost.
New property taxes generated by an 18-storey hotel, office tower and shops that are part of the larger complex located on two city blocks, will contribute to the extra $4.9m. The city can defer part of its annual payment for 10 years if these buildings are not finished when the convention centre opens.
Developer Joe Raima is also offering $4.9m worth of credit that can be drawn upon.
EUROPE - Over 100 delegates from the Greek meetings industry attended EFAPCO's Think Forum in Athens to tackle issues currently facing the sector, most notably the lack of recognition from the Greek government.
AUSTRALASIA - International event planners have able to get a sneak preview of the new under-construction International Convention Centre (ICC) in Sydney with the launch of a virtual fly-through video.