In my mind, the big question in play is if Times Square can become a 21st century equivalent of the urban room and gathering space that Union Square traditionally has represented.
The larger issue at stake is how to position the city and the opportunities it provides in a place that doesn't fall behind and decay because it is still based on, and growing from, early 20th Century planning. If you can attempt to solve the bigger problems that are far beyond not having enough convention space, then you become a benchmark for the rest of the nation.
I turned in about 1am. What a ridiculous thing it must seem to other people to read a diary where such a statement as 'I turned in at 1am' appears as if they were interested in the time another fellow mortal at the other end of the world went to bed.