The next growth industry in America? Public-private arts projects
Art and design, while often positioned as luxuries, are actually big, underutilized economic drivers. Just look at the elevated High Line Park in Manhattan, a private-public project that is generating more jobs, revenue, and investment than expected. And don't forget the joy factor.
When 30-somethings Robert Hammond and Joshua David first proposed that a derelict 1-1/2 mile stretch of elevated railway in Manhattan be re-imagined as an urban park, there were certainly doubters.
Would busy New Yorkers use it? What would be the real “return on investment” for benches, bushes, and public art in a city with plenty of all three?
Thirteen years later, High Line Park – which just opened its second section over the summer – clearly demonstrates the power of the arts and the potential of public space. It draws countless visitors, has transformed neighborhoods, far exceeds projected tax revenues and private investment, and has generated thousands of jobs. And it’s not even complete yet.
At a time when America is facing severe unemployment, it turns out that a bench, a bush, and a vision – when infused with the arts – can be economic game changers.
Art and design, while often positioned as luxuries, are actually big, underutilized economic drivers. A new consortium called ArtPlace knows that, which is why they recently announced an unprecedented public-private funding effort, focused squarely on the arts’ unique ability to fuel economic development in locales nationwide.