American cities have experienced a remarkable surge in convention center development over the last two decades, with exhibit hall space growing from 40 million square feet in 1990 to 70 million in 2011—an increase of almost 75 percent. Proponents of these projects promised new jobs, new private development, and new tax revenues. Yet even as cities from Boston and Orlando to Phoenix and Seattle have invested in more convention center space, the return on that investment has proven limited and elusive. Why, then, do cities keep building them? Written by one of the nation's foremost urban development experts, Convention Center Follies exposes the forces behind convention center development and the revolution in local government finance that has privileged convention centers over alternative public investments. Through wide-ranging examples from cities across the country as well as in-depth case studies of Chicago, Atlanta, and St. Louis, Heywood T. Sanders examines the genesis of center projects, the dealmaking, and the circular logic of convention center development. Using a robust set of archival resources—including internal minutes of business consultants and the personal papers of big city mayors—Sanders offers a systematic analysis of the consultant forecasts and promises that have sustained center development and the ways those forecasts have been manipulated and proven false. This record reveals that business leaders sought not community-wide economic benefit or growth but, rather, to reshape land values and development opportunities in the downtown core. A probing look at a so-called economic panacea, Convention Center Follies dissects the inner workings of America's convention center boom and provides valuable lessons in urban government, local business growth, and civic redevelopment.

Increase tourism in your community by designing and expanding your local convention and exposition services! This book provides you with solutions to the issues that can arise during the planning and production phases of constructing a facility as part of a community’s tourism infrastructure. In Current Issues in Convention and Exhibition Facility Development, you’ll find diverse perspectives from experts in a range of disciplines—including public policy, tourism, convention management, and urban planning. As more communities attempt to gain a share of the economically important meetings and exhibition market, this critical resource will aid university faculty, state and city government officials, and convention and visitors’ bureaus. Current Issues in Convention and Exhibition Facility Development examines the reasons why certain communities should create convention, event, or tourism centers. The strategies and tips presented in this book can help you select the most appropriate course of action for any given community, from locating the best area to build a center, to allocating space for an exhibition center in an already existing public building. This extensive guide addresses the political, economical, and environmental concerns that can prevent a convention center from ever leaving the drawing board. This book offers you practical advice on a number of concepts, including: linear planning in the first phase—ten questions communities must confront Dedicated Convention Centers (DCC)—the “mother lode” of convention/exhibit tourism capitalizing on the union of two industries—conventions and casinos the definition of “success” in the lifetime of a convention center capturing a share of the market without interfering with local venues the facts behind the illusions—investigating the empirical evidence behind the central myths of the convention and tradeshow industry Current Issues in Convention and Exhibition Facility Development is generously enhanced with figures, tables, models, and case studies to illuminate the facts you need to know to stay competitive.

An accessible reference that explores every aspect of the municipal bond market Until now, there has been no accessible encyclopedia, dictionary, nor guide to the world of municipal bonds. Comprehensive and objective, this groundbreaking volume covers the history and mechanics of the municipal market in clear and understandable terms. It covers all aspects of the market, including pricing, trading, taxation issues and yields, as well as topical events such as the financial crisis, hysteria about defaults and Chapter 9 municipal bankruptcy, fraud, and regulation. Encyclopedia of Municipal Bonds also contains entries on important historical events and provides much-needed context for this field. Everything you ever wanted to know about municipal bonds in one comprehensive resource Joe Mysak is the author of the Bloomberg bestseller Handbook for Muni Issuers Demystifies the world of municipal bonds for both the novice and professional investor Explores issues such as the Orange County bankruptcy, the Jefferson County default, the New York City financial crisis, and the surprisingly recent creation of the modern municipal market Encyclopedia of Municipal Bonds offers an essential reference guide for investors, professionals, regulators, insurers, and anyone else involved in the municipal bond market.

An encyclopedia about various topics relating to urban studies.

By the time he left office on May 16, 2011, Mayor Richard M. Daley had served six terms and more than twenty-two years at the helm of Chicago's City Hall, making him the longest serving mayor in the city’s history. Richard M. Daley was the son of the legendary machine boss, Mayor Richard J. Daley, who had presided over the city during the post–World War II urban crisis. Richard M. Daley led a period of economic restructuring after that difficult era by building a vibrant tourist economy. Costas Spirou and Dennis R. Judd focus on Richard M. Daley’s role in transforming Chicago’s economy and urban culture.The construction of the "city of spectacle" required that Daley deploy leadership and vision to remake Chicago’s image and physical infrastructure. He gained the resources and political power necessary for supporting an aggressive program of construction that focused on signature projects along the city’s lakefront, including especially Millennium Park, Navy Pier, the Museum Campus, Northerly Island, Soldier Field, and two major expansions of McCormick Place, the city’s convention center. During this period Daley also presided over major residential construction in the Loop and in the surrounding neighborhoods, devoted millions of dollars to beautification efforts across the city, and increased the number of summer festivals and events across Grant Park. As a result of all these initiatives, the number of tourists visiting Chicago skyrocketed during the Daley years.Daley has been harshly criticized in some quarters for building a tourist-oriented economy and infrastructure at the expense of other priorities. Daley left his successor, Rahm Emanuel, with serious issues involving a long-standing pattern of police malfeasance, underfunded and uneven schools, inadequate housing opportunities, and intractable budgetary crises. Nevertheless, Spirou and Judd conclude, because Daley helped transform Chicago into a leading global city with an exceptional urban culture, he also left a positive imprint on the city that will endure for decades to come.

Includes articles on international business opportunities.