The board of directors of the National Association of Home Builders (NAHB) has voted to exercise its contractual rights and terminate its commitment to hold the 2007 and 2008 International Builders' Show (IBS) in the city of Atlanta, GA, U.S.
"When we first made the decision to go to Atlanta in the mid-1990s, the IBS was a significantly smaller show that attracted about 65,000 guests over four days," said David F. Wilson, NAHB president. "In recent years, attendance at the IBS has soared to more than 100,000, hotels room bookings are exceeding 50,000 per show, and demand for exhibit space at the convention facility has risen significantly. While our members believe Atlanta is a terrific city…it was the show's double-digit growth over the last 3 years that has precipitated this very difficult decision by the board," Mr. Wilson explained.
NAHB said it will meet all of its contractual commitments with the termination agreement.
A final decision on where the show will be relocated has not yet been made.
to Daily News