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Cultural Investments: Economic Imact of the Arts
Series:
Presented By: Joanna Woronkowicz, author of "Set in Stone" University of Chicago Report; Randy Cohen, vice president for policy & research, Americans for the Arts; Karen L. Christiansen, chief operating officer, The Nelson-Atkins Museum of Art; Inga Safron, architecture critic, Philadelphia Inquirer (moderator)
Date Recorded: March 14, 2013
Duration: 01:24:47
A new University of Chicago study analyzed over 800 capital campaigns for U.S.-based cultural institutions and discovered that more than 80% of the projects went over budget, sometimes forcing staff cuts and, in drastic cases, causing institutions to shut down. In this second program of the Culture as Catalyst: Past, Present, Future series, a panel of economists, arts advocates, and staff from cultural institutions offers suggestions on how to avoid fiscal calamity, discusses the long-term, community-wide economic impact of cultural institutions, and provides tips on how to plan for sustainable cultural development.
