Patrick to sign $1B convention center upgrade bill
BOSTON (AP) -- Gov. Deval Patrick is set to sign a bill authorizing a $1 billion expansion of the Boston Convention and Exhibition Center.
Supporters of the expansion say it will increase the center’s operating space by more than 50 percent and will help Boston compete for some of the largest and most lucrative conventions in the world.
Patrick plans to sign the bill Tuesday afternoon at the Statehouse.
The legislation would authorize the state to borrow to finance the approximately 1.3 million-square-foot expansion of the convention center in the city’s South Boston neighborhood.
The bonds would be repaid through proceeds from the state’s existing 5.7 percent tax on hotel rooms, with no new taxes envisioned. If the state falls short, the bill would allow the hotel room tax to be raised in the Boston area.
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