Critics are warning that a newly signed $1 billion bill to expand the Boston Convention and Exhibition Center could drag the Hub into a pricing war with other cities for a shrinking industry's business.
"You now have so many more convention square feet in the country that all of these convention centers are desperate to get the business," said Gregory Sullivan of the Pioneer Institute.
Albany, N.Y., and Fort Worth, Texas, are among the cities that are expanding their convention centers, with others, including Milwaukee, eyeing their own projects. Sullivan said that will lead to lower prices for convention center space as cities undercut each other.
"It's a race to the bottom on prices," he said.
When he signed the bill yesterday, Gov. Deval Patrick said the expansion will let the convention center host larger events.
"We've been turning away opportunity because we just don't have a facility for the kinds of large meetings and conventions that are now being organized," Patrick said.
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