MAYOR MICHAEL R. BLOOMBERG DELIVERS 2004 REPUBLICAN NATIONAL CONVENTION WRAP-UP AND ASSESSES $255 MILLION POSITIVE IMPACT ON CITY'S ECONOMY
New York City Police Department Kept Entire City Safe While Allowing Free Speech
Overwhelming Majority of Convention Visitors have Favorable Opinion of City and Will Return to New York for Vacation
Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development & Rebuilding Daniel L. Doctoroff, New York City Host Committee 2004 President Kevin Sheekey, and NYC & Company: (www.nycvisit.com/) President & Chief Executive Officer Cristyne L. Nicholas today announced the estimated economic impact of the Republican National Convention on New York City’s economy. Preliminary data indicates that the convention generated a gross gain of $341 million in economic activity. At the same time, the City experienced an $86 million loss due to disruptions caused by the convention, creating a net positive estimated economic impact on New York City’s economy of $255 million.
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