Section 2561. Legislative findings and declarations

It is hereby found and
  declared that existing facilities in the  city  for  conventions,  trade
  exhibitions  and  public  shows including services for the operation and
  maintenance thereof are inadequate; that construction and operation of a
  convention center  to  adequately  accommodate  these  activities  would
  generate  new business and employment opportunities, increase the number
  of public facilities, provide new sources of  tax  revenue  and  promote
  orderly  redevelopment  in the vicinity of the convention center, all of
  which would serve the interests of the city and state.
    It is further found and declared that the  area  in  New  York  county
  generally  bounded by thirty-ninth street on the north, thirtieth street
  on the south, eleventh avenue on the east and twelfth avenue on the west
  is an area  characterized  by  deteriorated  industrial  and  commercial
  structures,  uncoordinated  and incompatible commercial uses, inadequate
  public facilities and unsanitary  and  substandard  conditions,  all  of
  which are detrimental to the economic and social well-being of residents
  of  the  city  and  state  and  that  the  location  and  operation of a
  convention  center  in  such  area  will  serve  as   a   catalyst   for
  redevelopment and a rejuvenation of civic pride and accomplishment.
    It  is  further  found  and  declared  that the convention center will
  provide significant economic and social benefits to the city, state  and
  region,  and  that,  consistent with social, economic, environmental and
  other essential considerations of state policy, locating the  convention
  center  in  the  area  generally  bounded  by thirty-ninth street on the
  north, thirtieth street on the south, eleventh avenue on  the  east  and
  twelfth  avenue  on  the west is in the public interest, considering the
  convenience and accessibility of location, the elimination of unsanitary
  and substandard conditions, the nature and economic  characteristics  of
  various  other  sites  considered  and the immediacy of the needs of the
  people of the state for the realization of the significant economic  and
  social benefits to be derived from the convention center.
    Therefore,  it  is  hereby found and declared that it is in the public
  interest to create a public benefit  corporation  for  the  purposes  of
  operating and maintaining a convention and exhibition center and to vest
  such  powers  in  such  corporation  as  are  necessary or convenient to
  effectuate these functions, and that the  exercise  of  the  rights  and
  powers herein authorized shall serve a public purpose.