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2012 BID NEWS: STADIUM KEY IN THREE-HORSE RACE

Congressman Joe Crowley backed plans for New York's Olympic Stadium, quoting reports that the city is now in a three-horse race for staging the 2012 Games.

Crowley cited the potential for economic development and the significant new tax revenue that the New York Sports and Convention Center (NYSCC) will generate for New York, as reasons for his support for the plan.

"Today it became even more clear that for New York to win the 2012 Games, the NYSCC must be approved," continued Crowley. "New York has the momentum to win the Games, but the International Olympic Committee made it clear that New York's Olympic dreams will be dashed if the Sports and Convention Center is not approved."

"The New York Sports and Convention Center will create thousands of jobs and millions in economic revenue for New York," said Crowley.

Crowley also cited an Agence France Presse story that says: "The race for the right to host the 2012 Olympic has come down to a three-city race between Paris, London and New York, sources told the AFP."

"For New York, the bid hinges on the ability of the bid committee and New York Mayor Michael Bloomberg to get approval for the Olympic Stadium [NYSCC] in Manhattan. The evaluation commission have made it clear that it's a case of 'no stadium-no Games'," the AFP article continues.