City officials have promoted the Republican National Convention as a $265 million wave on the becalmed sea of New York City's summer economy, but now that the convention is two weeks away, signs point to a modest economic boost for a handful of businesses rather than a tide that lifts all boats.
Rooms at some of the city's hottest hotels and tables at some of its most exclusive restaurants are still available, and seats are still there for the taking at hit Broadway shows like "Hairspray" and "Movin' Out." The producer of "I Am My Own Wife," a Pulitzer- and Tony-winning critical hit about a German transvestite, is closing for a week during the convention rather than face many empty seats. Other shows are closing for good.
With the prospect of large political protests, extra security and skittish residents planning to leave town, many businesses, far from banking on a boom, are simply hoping that the four-day convention, which starts Aug. 30, will not make what is always a tough week worse.
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City officials have said all along that the convention will help the economy and cause little disruption. They point out that the nearly 50,000 expected visitors is a drop in the bucket compared with the 3 million who come to the city every month, and that they never would have filled all 70,000 hotel rooms, or occupied every Broadway seat and restaurant table. In fact, a lack of disruption has been one of city officials' selling points; they have insisted that anyone who does not go to Midtown will not even notice the political bash.
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http://www.nytimes.com/2004/08/17/nyregion/17convention.html?hp