New York, July 15, 2015 – While New York City officials consider ways to issue the city-shaping and valuable Premium Domain Names – hotels.nyc, sports.nyc, news.nyc – London has settled on a plan for allocating its Premium Names. According to a story in today’s London Evening Standard:
How much might the auction raise overall? Take a look at the early results here. With two weeks to go before this first auction concludes, rooms.london has a bid of £5,100 (about $8,000), with west.london in second place with a £2,501. So it would seem the Standard’s Disposessed Fund will max out with a £50,000 contribution.
The article mentions nothing about public interest commitments so our guess is that there are none, and that the Disposessed Fund is a fig leaf for the public interest.
Here in New York we’ve recommended that important Premium Names have public interest commitments attached. (Note: The city has set aside 3,069 names for consideration as premium names, some of which have little baring on the civic good such as 777.nyc and zero.nyc. We support auctioning these names.)
Public Interest Commitments will vary, perhaps requiring that hotels.nyc fairly present all the city’s hotels and that news.nyc and sports.nyc be based on local content. The New York Internet Society and Connecting.nyc Inc. organized a panel last December that suggested a PIC Oversight Board to delve into the intricacies of the allocation process.
Premium Names are a cornerstone of a successful city-TLD design plan. London seems to have taken its lead from General Motors’ chief Charles Erwin Wilson, saying (excuse our paraphrase) “What’s good for domain name sales is good for our city”. We await Mayor de Blasio’s plan.