ECONOMIC IMPACT

What will a center like this do for our economy?

Picture the impact of 400, 500 or 600 performances per year.  Each performance will bring 300 to 3,000 people to our downtown.  It will draw people from all over our state and region to attend concerts, plays, and other performances.  It will provide jobs and will create an important anchor to assist in the re-birth of downtown and the Gaines Street corridor.

The 2007  RAND Institute recently studied the impact that such centers have had throughout the country.  The study showed a 24% increase in economic activity over the past 5 years.   They also found that they can be vital components to economic improvement and neighborhood revitalization.

In Florida the Arts and Cultural industry is one of the fastest growing in the state.  Since 1997 this industry has grown from $1.7 billion to over $3 billion and supports over 28,000 jobs.  Each year over $10.9 billion in personal income is generated in cultural, historical and library reflected industries.

Construction Phase:

New economic activity (sales) of $148 million, new earnings totaling $41 million and 1300 person-years of new employment.

$3.3 million tax revenues to state.

Operation/Ongoing:

Project will generate annual economic impact or $10.6 million in new output (sales), $3.3 million in new earnings and 149 jobs in the market area.

Theatre Project Consultants