Public Art Project's Impact at $69 Million

Olafur Eliasson’s "Waterfalls" public art installations around New York Harbor's waterfront generated an estimated economic impact of $69 million, exceeding the initial estimate of $55 million.

"The work, commissioned by the Public Art Fund and presented in collaboration with the city, was the city's most ambitious public art project since 'The Gates,' the February 2005 installation by Christo and Jeanne-Claude, who festooned Central Park with saffron-colored fabric.

And yet, the 'Waterfalls' were not unquestionably good."

"'We always knew the Waterfalls was going to reinvigorate our City's waterfront - but its actual impact has exceeded our expectations,' Mr. Bloomberg said at a news conference at the Public School 1 Contemporary Art Center in Long Island City, Queens, where he was joined by other officials and by Mr. Eliasson. 'People didn't buy tickets or pass through a turnstile to experience the Waterfalls, but this exhibition brought people to areas of the city they might not otherwise ever have visited. We've always understood that we have to encourage big, bold projects that set our City apart, and this will be increasingly important while areas of our economy are struggling from the turmoil on Wall Street.'"

Thanks to rob bregoff

Full Story: City Puts ‘Waterfalls’ Impact at $69 Million

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
Book cover of Essential Readings in Urban Planning

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!