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I think it is a great idea. I would be sure to make it a bit away from the Newark and Westchester competitions, but having a competition in the biggest city in the US and an area where there are a lot of cubers sounds like an excellent idea.
Did you know that the WC1982 should have been in NY.
There was a Dutch commercial on the radio in those days: "Turn yourself to NY"
It was canceled only 2 months before the date and moved to Budapest.