New York City Set to Cash in on .NYC
With the economic crisis causing a major impact to New York City’s revenue, the city is hoping to cash in on the .nyc extension, which they hope will be approved quickly and available to sell by next summer.
According to an article appearing today in Crain’s, “City Council Speaker Christine Quinn announced during her state-of-the-city address Thursday that the “.nyc” domain will start generating a fresh stream of revenue for the city next summer.” Quinn also said that the .nyc extension will generate millions of dollars per year in licensing fees for allowing the group to create the extension.
With the uncertainty of gTLD approvals, I certainly hope the city isn’t counting on the revenue too soon. My biggest question related to the .nyc extension… who is going to get RaysPizza.nyc?