Issue link: https://tradeshowexecutive.epubxp.com/i/84572
Construction Calendar able. Business laws, regulations and taxes continue to change, and the near dead-heat between Democratic President Barack Obama and Republican Candi- date Mitt Romney leading up to the 2012 U.S. presidential election has put many companies in a wait-and-see mode. TSE's current Forecast still predicts growth: 3.7% in net square feet, 3.5% in number of exhibitors, 3.7% in attendance and 5.0% in revenue. But what does it mean for 2013? The Future Te ambiguous future has some conven- tion and exhibition facilities idling in a pre-expansion gear. Tere are no centers scheduled for completion on the con- struction calendar past 2015. Unless a hallmark show exerts a fight or flight response when demanding an expansion (e.g., Comic-Con in San Diego or the North American International Auto Show in Detroit) or a long-term need (e.g. Jacob K. Javits Convention Center in New York), managers of convention centers will find it extremely difficult to justify an expansion or new build. Dissent can come from many groups, including citizens, politicians and the business community. As a result, some projects have stalled. Whether they remain in limbo or move forward remains to be seen. Te actual number of projects on TSE's list of proposed centers has not changed much since April. However, the ven- ues on the list have changed as several projects previously tracked have been scrapped and new projects have entered the planning stages. The Impact No movement has been made on the Renaissance Colorado Springs North since TSE's last construction report. Te project is still 80% complete. Te proposed Gaylord Mesa in Arizona may meet the same fate as its counterpart in Aurora, CO, in light of the latest earnings report released by Gaylord Entertainment Company, which indicates the company will not continue to invest in construction of new properties. Te Gaylord Colorado Resort and Conference Continued on next page www.TradeShowExecutive.com | October 2012 43 Fourteen convention centers presently populate the convention construction calendar, with three having already completed their projects in the first half of this year. One more plans to join them before the year is over. Next year, 2013 will see seven centers open doors to new space, representing the majority of projects on the calendar. Three look to 2015 for their ribbon-cutting ceremonies. Which of the proposed 25 centers will be added to the calendar next? Check back in March for our next report. 1ST QUARTER 2012 h Baton Rouge River Center, Baton Rouge, LA† h Kalahari Convention Center, Sandusky, OH† h St. Cloud River's Edge Convention Center, St. Cloud, MN† 4TH QUARTER 2012 h Anaheim Convention Center, Anaheim, CA 1ST QUARTER 2013 h New Orleans Ernest N. Morial Convention Center, New Orleans, LA h Nashville Medical Trade Center, Nashville, TN* h Roland E. Powell Convention Center, Ocean City, MD 2ND QUARTER 2013 h Music City Center, Nashville, TN* 3RD QUARTER 2013 h Cleveland Medical Mart & Convention Center, Cleveland, OH* h Dulles Expo & Conference Center, Chantilly, VA 4TH QUARTER 2013 h San Jose Convention Center, San Jose, CA 1ST QUARTER 2015 h Cobo Center, Detroit, MI h Renaissance Colorado Springs North, Colorado Springs, CO (project on hold)* 4TH QUARTER 2015 h Nova Centre, Halifax, NS, Canada* † Project completed * New builds