N.Y. Public Authorities Law § 2561: Legislative findings and declarations

§ 2561. Legislative findings and declarations. It is hereby found and

declared that existing facilities in the city for conventions, trade

exhibitions and public shows including services for the operation and

maintenance thereof are inadequate; that construction and operation of a

convention center to adequately accommodate these activities would

generate new business and employment opportunities, increase the number

of public facilities, provide new sources of tax revenue and promote

orderly redevelopment in the vicinity of the convention center, all of

which would serve the interests of the city and state.

It is further found and declared that the area in New York county

generally bounded by thirty-ninth street on the north, thirtieth street

on the south, eleventh avenue on the east and twelfth avenue on the west

is an area characterized by deteriorated industrial and commercial

structures, uncoordinated and incompatible commercial uses, inadequate

public facilities and unsanitary and substandard conditions, all of

which are detrimental to the economic and social well-being of residents

of the city and state and that the location and operation of a

convention center in such area will serve as a catalyst for

redevelopment and a rejuvenation of civic pride and accomplishment.

It is further found and declared that the convention center will

provide significant economic and social benefits to the city, state and

region, and that, consistent with social, economic, environmental and

other essential considerations of state policy, locating the convention

center in the area generally bounded by thirty-ninth street on the

north, thirtieth street on the south, eleventh avenue on the east and

twelfth avenue on the west is in the public interest, considering the

convenience and accessibility of location, the elimination of unsanitary

and substandard conditions, the nature and economic characteristics of

various other sites considered and the immediacy of the needs of the

people of the state for the realization of the significant economic and

social benefits to be derived from the convention center.

Therefore, it is hereby found and declared that it is in the public

interest to create a public benefit corporation for the purposes of

operating and maintaining a convention and exhibition center and to vest

such powers in such corporation as are necessary or convenient to

effectuate these functions, and that the exercise of the rights and

powers herein authorized shall serve a public purpose.