The Meadowlands Arena, once a popular sports and concert venue, has been abandoned for over a decade. Local business leaders, including the Meadowlands Chamber of Commerce, are proposing to tear down the arena and build a new convention center on the site. The $1.6 billion center could generate up to $30 billion over three decades and create nearly 6,000 full-time jobs. The economic impact study recommends building 4,500 hotel rooms along with the convention center.
The proposed center could be used for exhibitions, meetings, banquets, and various events, filling a void in North Jersey’s convention space. While the initial plan was to have the center built by the 2026 World Cup final, it is now targeted for completion as early as 2028. State officials, such as New Jersey State Senate Deputy Majority Leader Paul Sarlo and Governor Phil Murphy, have shown support for the concept. Despite uncertainty about future political support, the Meadowlands Chamber of Commerce remains optimistic and plans to conduct a $4 million scoping assessment to provide a detailed business plan for the next governor.
With the potential to bring in billions in taxes and new spending, as well as create thousands of jobs, the convention center project is seen as a significant economic opportunity for the region. The new center, if approved, would complement existing developments in the area such as MetLife Stadium and the American Dream mall.
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