Saint John Convention Center Project Research Paper

revere hind end Convention Center Project - Research Paper ExampleAmong the top five company centers by floor position size, Toronto holds the top four spots. Convention centers in Calgary, Montreal, Vancouver, Regina and Edmonton atomic number 18 also correspond in the top 15 largest convention centers by floor home. The table below details the time out of the top convention centres in Canada by floor space, together with mean and median figures for floor spaces and contact spaces (Red7Media, 2010) Table Source Red7Media, 2010 In the table to a higher place, the mean and median figures are markedly different, indicating that on the livelong the conference spaces are smaller compared to the average by a factor of two. When it comes to total floor space though, the mean and median figures diverge less, meaning that on the whole there is some similarity in the total space available for many of the conference centers on offer in the list (Red7Media, 2010). On the other hand, such data excludes hotel capacitor, and does not include prospective data on planned development, which are also key data for this particular part of the study. Moreover, the data above does not cover Atlantic Canada exclusively, which strictly must include data on New Foundland and Labrador, Nova Scotia, Prince Edward Island, and New Brunswick. Fast forward to 2012, and among the biggest that birth cropped up in Atlantic Canada is sure enough the World Trade and Convention Centre in Halifax, Nova Scotia, certainly likewise getting a lot of attention and debate regarding the merits and long-term value of such a large convention/conference centre in the area. This space is the subject of proposal requests from the government authorities for a new rapidity measuring 120,000 square feet of convention space (Trade Centre Limited, 2010). The existing facility in that place, aged 25 years, has a total floor space of about 50,000 square feet. To empower this in perspective, the total floor space for the conference centers industry is pegged currently at 70 gazillion square feet in 2012, increasing from 53 million square feet at the turn of the millennium, and up from 40 million square feet from twenty years prior to the present estimate (Power, 2012). The table below, meanwhile, details content expansion for the facility through to 2014, alongside revenue and takeup projections matching the increase in susceptibility and in step with the planned capacity additions for that centre (PKF Consulting, 2009) Table Source PKF Consulting, 2009 As can be gleaned from the above table, capacity additions will be made up in justification by increases in contend and in actual consumption of capacity space, even as in the short term the capacity additions will result in operating losses. Given that the time span for revenue and income projections justifying the expansion of space is for a time period much longer than what the table covers, the investment in new capacity makes sense (PKF Consulting, 2009) In New Brunswick the lone convention centre is located in St. John, called the Saint John Trade and Convention Centre, with a total floor space of 17,000 square feet, and with additional space for concourse rooms totaling 6,464 square feet (The