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Invent City projects 5 mm visitors in 2024. To keep this in perspective:
> 1964/65 World's Fair had 50 mm+.
> 1939/40 World's Fair had 44mm+.
> 1853/54 World's Fair had 1mm+.
No. Invent City will use what exists and what is available. Lower Manhattan has a number of large, disused spaces. 21% of offices are vacant, a number that is expected to climb.
Lower Manhattan is already arguably the most transit accessible area in North America. Existing transit service walkable from Ground Zero includes:
> Subway (2, 3, 4, 5, A, C, E, J, Z, N, R + W)
> PATH (to NJ including EWR)
> NYC Ferry (all 5 boroughs)
> NY Waterways (to NJ)
> Staten Island Ferry
> Hornblower Ferry (various)
> Governors Island Ferry
> West Side Highway (Javits)
> FDR (United Nations)
To complement the above, Invent City will demonstrate a network micro transit hubs which will include transportation services for people and packages.
The micro transit hubs will also include real world showcasing/active use of induction charging outside each hub. We are at a betamax moment with EVs.
A team of urban entrepreneurs who have won and lost in the trenches is doing the initial upfront work. A significant partner is expected as well.
From an economic perspective, the sooner the better.
Also notable that 2024 is 500 years after Giovanni da Verrazanno was the first European tourist in 1524, and 400 years after the Dutch build its first structure in 1624.
Yes. The People Pavilion will highlight:
> The Lenape and Mannahatta
> Innovations from the indigenous
> NYC's rich cultural tapestry
> "Gorgeous mosaic" or "melting pot"
Focuses on the nine major revenue generating areas:
> General Admissions – Invent City assumes 3 million visitors in 2024, split equally between leisure and business (1.5 m each). About $800 mm will come from admissions.
> Program Sponsors – companies and other organizations funding the overall Invent City event in exchange for marketing tie-ins.
> Venue Sponsors – companies and other organizations sponsoring specifically one of the three pavilions.
> Transportation Sponsors - companies and other organizations that want to sponsor vehicles that move people and packages.
> Exhibitors – companies and other organizations displaying products, services, and technologies at the exposition. Renting space like a trade mart.
> Licenses/Merchandising – fees in exchange for rights to produce and distribute Invent City-related merchandise. TBD.
> Online Advertising - Sponsorship and advertising on the Invent.City website. TBD.
> OOH. While the strategy is to improve the street by removing unnecessary ad panels and other eyesores, some OOH may be useful.
> Contributors – individuals, companies, and other organizations supporting the goals of the event.
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