From the NY Post:
Once hailed as the most important job-generating project in New York, a dramatically scaled down plan to expand the Javits Convention Center was approved today by state officials who slashed more than $1 billion from the price tag.
The latest version of the expansion will create just 40,000 square feet of new exhibition space in a plain, pre-engineered structure that is a far cry from the elaborate design created several years ago by British architect Richard Rogers.
Project costs, once estimated at $1.7 billion for the larger expansion, have been slashed to $463 million, most of which will be spent to renovate the current convention center and replace its dark glass windows with clear, energy-efficient panels.
Photo from NY Magazine