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Pitch Fest?

Have you heard of the Algonkian and New York writer’s workshop NYC pitch and shop conference? As an editor, what do you think of it and is it worth the money for a newbie writer? Since I am not in NYC (although originally from there), cost of registration ($595), transportation and hotel would take me over a grand not even factoring food and play money. I know the writer’s workshop for Algonquin is a good one, I just don’t know if the pitch fest is worth the investment. Words of wisdom from the master, please?

The Evil Editor weighs on whether new authors would benefit from face-to-face meetings with editors (for a hefty fee.)

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