Factoid Of The Day

Believe it:

Even while Governor Paterson is expressing doubt that the Jacob K. Javits Convention Center expansion project will go forward at any time soon, the state is collecting large amounts of revenue — more than $100 million so far — from a hotel tax passed for the sole purpose of funding the expansion.

. . .

As of the first quarter, the $1.50-a-night Convention Center Hotel Unit Fee had brought in $103.3 million in revenues since its inception in 2005, according to the State Tax Commissioner’s office.