$4B NY Convention Center Deal Falls Through

Law360, New York (June 4, 2012, 2:42 PM EDT) -- A nonbinding agreement between real estate developer Genting Malaysia Bhd. and the New York State Development Corp. for a $4 billion convention center and casino in Queens has fallen through, meaning the project will reopen for bidding by Genting and others, Gov. Andrew Cuomo said during a radio interview Friday.

The state had been negotiating with Genting for several months to build a 3.8-million-square-foot convention center and exhibition space near the Aqueduct Racetrack in Queens in an effort to replace the “outdated” Javits Center in Manhattan,...
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