Friday, April 18, 2014
Inquirer Daily News

PA Convention Center brings $728 million to the region

The Pennsylvania Convention Center hosted 226 events during this past fiscal year bringing in $728 million to the region.

PA Convention Center brings $728 million to the region

The Convention Center´s size was almost doubled by a $786 million expansion. Center City hotels agreed to a boost in the hotel tax to help pay for the work.
The Convention Center's size was almost doubled by a $786 million expansion. Center City hotels agreed to a boost in the hotel tax to help pay for the work. DAVID M WARREN / Staff Photographer

The Pennsylvania Convention Center hosted 226 events during this past fiscal year bringing in $728 million to the region.

The Center's economic impact included hotel tax revenue which was six percent higher than the previous fiscal year and nine percent higher than budget projections, according to the Pennsylvania Convention Center Authority (PCCA).

"The Convention Center continues to be the number one driver of the region's hospitality industry," said Gregory J Fox, Chairman of the Board of Directors of the Pennsylvania Convention Center Authority. "When the center hosts an event, attendees drive business at the region's hotels, restaurants, retailers  and attractions which helps to support more 88,000 regional jobs."

From July 2012 through June this year, the Center hosted the Pittsburgh Conference on Analytical Chemistry and Applied Spectroscopy with a $39.3 million economic impact, East Coast Volleyball which brought in $25 million and the American Association of Orthodonists which brought $25.8 million to the region.

Event revenues were about $14 million, roughly $600,000 more than budget projections. It's portion of hotel tax revenues was $28.9 million. The Center spent $31.6 million.

A story by Axis Philly in May, though noted that the Center's projected revenue will drop in the years to come and will have a major impact on the hotel and hospitality industry.

But PCCA spokeswoman Deirdre Childress Hopkins said the Center is "being very aggressive" in increasing its number of events.

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Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns. E-mail tips to brennac@phillynews.com
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Jenny DeHuff is a 2005 graduate of the University of Rhode Island, where she cut her teeth in journalism. A South Philly transplant from New England, she joined the Daily News City Hall Bureau in 2013. For the past several years, she has worked as an investigative reporter exposing corruption in suburban politics, covering sometimes ghastly criminal court cases and following the people’s money and how its spent. In addition to being a dogged news hound, she enjoys reading and writing about travel, animals, Irish whiskey and aviation. E-mail tips to dehuffj@phillynews.com
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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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