New research shows gulf between perceived and actual return on investment....
MCCA PLANS TO PURCHASE PLOT OF LAND TO EXPAND BOSTON CONVENTION CENTER posted on: 3/8/2012 10:09:00
AMERICAS - The Massachusetts Convention Center Authority (MCCA) has drawn up plans to seize a privately-owned lot on D Street behind the Boston Convention and Exhibition Center, in a move towards expanding the South Boston exhibition hall, according to The Boston Herald newspaper.
The MCCA plans to build two mid-priced hotels and multi-level parking garages on the US$33m, 5.6 acres of land if it can acquire it from Boston-based real estate investment firm, Intercontinental Real Estate Corp.
The MCCA bid would halt a housing project for a 585-unit residential complex that had started to move forward.
The convention centre authority's board discussed a "land acquisition" yesterday (1 August) in a closed-door session, and issued a statement saying "it was no secret" that it had been looking for land acquisition to support its planned expansion and hotel developments.
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.