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The Biz Beat

Power Breakfast: GWCC, Clermont Hotel, Grady, TBS, Fed Reserve, Citigroup

6:08 am June 24, 2009, by Henry Unger

Numbers are out for another victim of this recession — the convention business.

The Georgia World Congress Center is projecting a loss of $5.64 million in the next fiscal year, AJC reporter Leon Stafford writes.

GWCC officials are turning off lights and cutting off air conditioning to save money, Stafford reports.

“When a city bets real big on conventions and tourism, it’s like riding a wave. When the economy is good, business is there. But when it’s bad, it’s real obvious,” said Heywood Sanders, a professor at the University of Texas-San Antonio and critic of convention center overbuilding.

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