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Overview |
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PRESERVE THE PAST, CREATE A FUTURE…JOBS, TOURISM, AFFORDABLE HOUSING
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From the Office of Mayor Michael R. Bloomberg (1):
Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel and NYC & Company CEO George Fertitta today announced New York City drew a record-breaking 48.7 million visitors in 2010. The higher-than-projected 6.8 percent increase over 2009 keeps the City on pace to meet its goal of attracting 50 million annual visitors by 2012 - a goal set by the Bloomberg Administration in 2007, prior to the national recession. The hospitality industry added 6,600 jobs over the past year, employing more New Yorkers in 2010 than ever before. In 2010, New York City set a record for hotel rooms added and hotel rooms sold, while attendance at cultural institutions rose. Mayor Bloomberg was joined at the announcement at the Brooklyn Botanic Garden by Brooklyn Borough President Marty Markowitz, Council Member Karen Koslowitz and Brooklyn Botanic Garden President Scot Medbury.
"This past year was New York City's most successful year for tourism ever, and we're well on our way to achieving our goal of attracting 50 million visitors a year," said Mayor Bloomberg. "The strength of our tourism industry is one of the reasons New York City was less impacted by the national recession than other cities, and it continues to be one of the reasons we're growing faster than other cities today. The industry employed more New Yorkers in 2010 than ever before, and the $31 billion visitors spent this year supported our restaurants, shops, hotels and cultural institutions. We're constantly looking for ways to strengthen and diversify our economy, and growing our tourism industry is an important part of that work."
Even as local economies across the country remained sluggish following the national recession, 2010 was a banner year for New York City's hospitality industry and cultural community. In 2010:
- New York City's 1,200 nonprofit cultural organizations, which generate an estimated $18 billion in economic activity due to tourism, reported an average attendance increase of five percent;
Continued Reading: More News from the Blue Room
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Cultural economic benefits have staggering positive results.
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The Domino site is one of the United States’ last standing and intact icons of America’s Industrial Revolution.
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The following case study focuses on the Tate Modern because it is directly relevant and well-documented.
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Just an Old Power Station
in the U.K.?
The Tate Modern Case Study
Regeneration Impact:(2)
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Estimated to generate revenue of $205.5 million(3) per annum to London overall
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It is estimated that Tate Modern is worth between $102.7 –143.8 million(3) in revenue to the borough of Southwark alone.

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The Tate Modern has attracted new investment and led to an estimated 1,800 hotel and catering jobs. This has contributed to the estimated 3,000 new jobs which have been directly or indirectly linked to the creation of the Tate Modern.
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During its first year in operation, the Tate Modern attracted 5.25 million visitors – well above original estimates – and had become the third most visited tourist attraction in all of England.
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As with other major new visitor attractions, visitor numbers have now stabilized. Around 3.5 million visitors are attracted to the Tate Modern annually.
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This figure exceeds the initial predictions. In addition to the millions of annual visitors, the project has also brought new jobs and investment to the area.
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Commercial development in Southwark has also outpaced the London average, as has the increase in the number of new businesses.
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In addition, the Tate Modern is credited with helping change the attitude, image and aspirations of the area.
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Benefits & Major Points
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Using conservative figures based on the Tate Modern Case Study, with a modest admission price, the Domino site would bring in between $80−$100 million in revenue per annum.(4) These figures do not include revenue generated through businesses outside the Domino site.
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Site is large enough to maintain the historical nature of the original structures and develop other commercial aspects to support the arts center, including affordable housing.
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A “Green Technology Center” will be included to develop, showcase, and power the entire site through sustainable alternate energy – Wind, Wave, Solar, and Geothermal. The visibility of this site will help spearhead New York State as a global center of green technology.
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Strong positive ripple effect throughout the economy
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Unique waterfront location, with promenade for park, restaurants, and landing sites for water taxis, private boats.
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Theaters for the performing arts, music, and film
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Magnet school for the arts
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Develop space for the local community to function as a creative incubator
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International traveling exhibitions
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Showcase for art fairs
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Rotating exhibitions of private collections
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Conclusion:
When is the right time for this project? |
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NOW! |
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(1) Source: News From the Blue Room. PR- 003-11 January 4, 2011.
(2) Source: Government of Birmingham, Gardiner & Theobald LLP, Jura Consultants, Gleets (20 Jan. 2005).
(3) Pound Sterling to US$, July 22, 2007.
(4) Average number of visitors multiplied by average price of museum admissions.
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dominosugar.org© 2012 | All rights reserved.

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YouTube

Printable Presentation

New York Magazine. Jerry Saltz on Domino and what the Guggenheim should have done:

WG News + Arts

Location: Google Map

Some Background:
America's 11 Most Endangered Historic Places

The Municipal Arts Society of New York

A Letter from W.I.P.
(Williamsburg Independent People): "Dear Fellow New Yorker, Imagine This."
An Important Message from W.I.P. about the owners' ill-conceived plans.
For Tate Modern and Other Regenerated Sites, See Also:
Tate Modern
London, UK
Agricultural & Industrial
Museum of York County
York Pennsylvania, USA
Andy Warhol Museum
Pittsburgh Pennsylvania, USA
Art Center College of Design
Pasadena California, USA
Atelierhause 79
Berlin, Germany
BALTIC
Gateshead Quays, UK
Centrale Montemartini of Rome
Rome, Italy
Custard Factory
Birmingham, UK
Dia: Beacon
Beacon NY USA
Geffen Contemporary @ MOCA
Los Angeles California, USA
Grand Palais
Paris, France
Harborough Museum Market
Harborough, UK
King Plow Art Center
Atlanta Georgia, USA
Künstlerhaus Bethanien
Berlin, Germany
Letterman Digital Arts
San Francisco, USA
The Lowry Center
Manchester, UK
Mass Moca
North Adams Massachusetts, USA
Musee d'Orsay
Paris, France
Museum of Estonian Architecture
Tallinn Estonia
Noguchi Museum
Long Island City NYC, USA
Old Ford Motor Factor
Singapore
Radialsystem V
New Space for the Arts
Berlin, Germany
P.S.1 MoMA
Long Island City NYC, USA
Queen Victoria Museum
Launceston Tasmania, Australia
The Power Plant Contemporary Art Gallery
Toronto, Canada
Torpedo Art Center
Alexandria Virginia, USA |
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