The Javits Center will soon boast more than 1 million square feet of event space and New York’s largest ballroom, Governor Andrew Cuomo announced on Thursday.

On Thursday, Cuomo unveiled plans for the $1 billion expansion at a news conference at the Javits Center, according to a report in the New York Times. The plan would increase the venue’s total floor space to 3.3 million square feet – an expansion of more than 5o percent.

“An airy glass addition at the northern end of the center would provide meeting rooms, new exhibition halls and outdoor space for conventioneers,” the Times reported.

Meanwhile, “Javits North, a semipermanent structure currently anchoring the center’s 40th Street end, would eventually be demolished and replaced with a four-level garage for tractor-trailers bringing in displays and other equipment.”

“The Javits Center has long been an economic generator for this state,” Governor Cuomo said. “But we want to build and expand it to ensure it remains a premier venue for the next generation.”

The project will be funded through a variety of public and private resources, the governor’s office said. The Times reported that “real estate executives expect the center to sell two nearby parcels of land for about $1 billion, although state officials would not say whether that was part of the plan.”

The proposed expansion is just one of seven major new projects Governor Cuomo has announced in recent weeks. He has also promised to invest billions in new airports, a Hudson River tunnel, and a renovation of Pennsylvania Station.