The 12 round match will take place between 11-30 November and is expected to attract a global online and TV audience of more than 1 billion fans. The two Grandmasters will compete for a prize fund of at least 1 million euros ($1.1m).
“I and all New Yorkers welcome the World Chess Championship back to New York City. What better place to be than the city where parks are often populated by chess enthusiasts,” said New York Mayor Bill de Blasio.
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Where is South Street Seaport
The South Street Seaport is in downtown Manhattan, New York City. It is the meeting point of Fulton Street and East River, right next to the Financial District. The Seaport is a designated historic district, and is distinct from the neighboring Financial District. It is part of Manhattan Community Board 1 in Lower Manhattan, and is bounded by the Financial District to the west, southwest, and north; the East River to the southeast; and Two Bridges to the northeast.
It features some of the oldest architecture in downtown Manhattan, and includes the largest concentration of restored early 19th-century commercial buildings in the city. This includes renovated original mercantile buildings, renovated sailing ships, the former Fulton Fish Market, and modern tourist malls featuring food, shopping, and nightlife, with a view of the Brooklyn Bridge.
The WSJ article informs that other Manhattan venues were considered for the Carlsen Karjakin 2016 match, including one in Midtown, but match organizers ultimately chose South Street Seaport because of its foot traffic and commercial infrastructure.