Word: megaplexes
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Even at number 41 in the convention center rankings, Boston already has a fine, modern facility in the Hynes Convention Center. Long before the bonds funding the Megaplex are paid off, Boston will find the rosy projections of Price Waterhouse quickly fade as it falls behind again in the race to build the best convention center. Big business wins. The taxpayer loses...
Some good may have come from the mad scramble to keep the New England Patriots in Massachusetts. State politicians have proposed the Megaplex, a 70,000 seat domed stadium to be built in Boston...
Despite the loss of urgency, the proposed Megaplex is still a solid idea. Such a facility could host conventions and special events, in addition to the mediocre football team. With Boston's rich tradition and history and the plethora of colleges, universities, hospitals and research centers, the city is a natural location for conventions and events of all types. Boston's convention facilities, however, currently rank only 41st in the country...
Clearly, more convention space could be utilized. "Boston and Massachusetts are losing untold numbers of conventions because we don't have the facilities to hold them," says Virginia Buckingham, press secretary to Governor William F. Weld '66. Supporters of the 650,000-square-foot Megaplex reasonably contend that such organizations and events as the American Medical Association and the Democratic National Convention would be natural candidates to use the dome's space...
...benefits of the Megaplex would be felt throughout the Boston area. A study by Price Waterhouse estimates $1.4 billion in increased business per year, 21,000 new jobs and $67 million in increased annual tax revenue. Another study by Coopers & Lybrand forecasts similar boosts to both the state economy and tax revenue...