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Public Art Boosts Local Economies

Public art boosts local economies

Can public art draw the community together? Or, increase foot traffic? Can it boost sales for other small businesses and towns? Can the addition of public art drive tourism?

Many small, Colorado towns are asking these questions and experimenting with the idea that art can be economically worthwhile.  Art in public spaces, usually free to all, improves our town and 
city-scape, but they also bring in dollars.

Some see arts and culture as a luxury, only accessible to the rich, however a nationwide trend toward public, easily accessible art is finding its way here, and the results are positively money!



Figure 1: Art Space in Trinidad, Colorado
A 2017 Denver Post article told of a creative turning point for Trinidad, Colorado, when then Governor Hickenlooper, and the local city council agreed to create “Space to Create Trinidad.” This $17 million project still underway, provides affordable housing options for creative sector workers where they create art. Old, dilapidated buildings in downtown Trinidad, will be transformed into high-occupancy residences, along with galleries and art studios. 












Figure 2: Mancos Creative District logo
Mancos Creative District, has allowed artists to work and live along Mancos, Colorado’s main street. The town aimed to bring in artists for the affordable housing, and allow them stay to create their art, bringing tourists from all over to spend their cash in town.

A 2018 Colorado Office of Economic Development press release noted creative industries including film making, graphic web-based artists, and brought in $13.7 billion, a figure surpassing either the mining or transportation industries.

Figure 3 Photo Tri-Lakes Center for the Arts during Art Hop 2019

According to the Cultural Office of the Pikes Peak Region, the arts and culture industry generates $153.3 million just in this area alone. A local study by the Arts and Economic Prosperity 5 (ADP5) found that out-of-town, non-county residents “spent an average of 124 percent more per person” when attending arts and cultural events, affecting transportation, lodging and restaurants the most. Many came to our county specifically to attend a cultural event.

According to Forecast Public Art, an advocacy group, the economic health of communities that include public art can enhance the pride and pleasure people feel who live nearby or visit a place.
In Denver, Colorado the River North (RiNo) district hosts a week-long event in which graffiti and street artists. The free, annual event brings in thousands of bystanders to watch the artists create murals on the buildings along its streets, alleyways and parking lots. Over 50 local businesses supported the 2018 event and see business boom during the week-long event. 
Figure 4: From Crush Walls 2019, Denver CO


According to a 2017 article by The Alliance For Economic Development of Oklahoma City, public art builds upon a sense of community and, “It is also a proven economic driver. Public art increases publicity for the city, tourism and leasing interest--resulting in faster growing economies.” In 2012, the city created the Office of Arts and Cultural Affairs to coordinate public art projects paid for through a 1% construction budget.

In 2008, the New York City Economic Development Corporation commissioned a report to research how a temporary public art display by artists Olafur Eliasson effects the economics of a place. Although the display was only up for five months, the direct and indirect impact of the project was $69 million.
In addition to the thousands of commuters who saw the project from their ferries, out-of-town visitors who came for the The New York City Waterfalls project
Figure 5: One of the waterfalls in NYC during the Waterfalls Project
,
“About 95 percent of all out-of-town Waterfalls viewers participated in at least one other cultural attraction during their stay. About 43 percent of visitors attended one or more Broadway shows; 42 percent attended a visual art, photography, or design museum; 34 percent visited a history museum; and nearly 27 percent viewed a public art installation other than the Waterfalls.” 

From a tourism perspective, the report estimates visitors shared over 6,000 photos of the exhibition on Flickr.com, as well as 1,200 blog posts and 200 YouTube videos were shared.  
A Forbes article written by contributor Raquel Laneri wrote in 2009 the waterfall project cost $15.5 million, but brought in over $69 million for the city.

According to American for the Arts, their Public Art 101 online “class” mentions public art is often site-specific, “meaning it is created in response to the place and community in which it resides.” The art created in these spaces brings a community together by creating a sense of identity. Take for example, Aspen Grove by Reven-Marie Swanson located at a roundabout in Monument, Colorado. It mimics the aspens that grow on Mount Herman, along the foothills just behind the sculpture, giving a nod to place making.

Figure 6: Aspen Grove by Reven-Marie Swanson

In a 2004 Seattle Times article, author Irv Weiser cites a 2002 study showing nonprofit arts organizations generate $134 billion annually. 

Weiser, who works for RBC Dain Rauscher, tells of the sculpture at the entrance to his office headquarters, a man who has fallen, that Rauscher thinks provides employees and customers with the chance to experience the company in a different way.
Figure 7: Outside the RBC Dain Rauscher offices

An article on the Project for Public Art website cites a study by The Travel Industry Association of America to find out whether tourists extend their stay when they find cultural activities on their trip. The study revealed that 65% of adult American travelers included a “cultural, arts, heritage or historic” event into their travels.

Consider the art and culture that surround you in your neighborhood, and promote the arts locally.

Written by Allison Robenstein

Resources:
Downtown Colorado Springs, Snapshot of the Arts in 80903, https://downtowncs.com/wp-content/uploads/2017/02/CVI-2015-Snapshot_80903.pdf.

Colorado Office of Economic Development & International Trade, https://choosecolorado.com/arts-industries-contribute-13-7b-to-the-states-economy/,  “Colorado’s Arts Industries Contribute $13.7 Billion to State’s Economy”, March 12, 2018.

Seattle Times Thursday, July 8, 2004 article, “Benefits of public art far outweight the costs” Irv Weiser- http://old.seattletimes.com/html/opinion/2001974123_weiser08.html.

Laneri, Raquel, May 5, 2009, “Why We Love --- And Need --- Public Art,” https://www.forbes.com/2009/05/05/state-of-the-city-opinions-george-rickey-public-art.html#254d68dd42be

Project for Public Spaces, https://www.pps.org/article/how-art-economically-benefits-cities, “How Art Economically Benefits Cities”, Dec 31, 2008.

Wentzel, John, The Denver Post, Dec. 20, 2017, “Colorado Divide: Could arts and culture spark and economic revival to struggling rural towns?, https://www.denverpost.com/2017/12/30/rural-colorado-arts-culture-economy/.

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