Does Public Art have Economic Impact?

I researched this article for UAP about the economic impact of public art and concluded that place-making is powerful.

The generally agreed “soft” impacts of public art may reshape the consciousness of a place and offer significant intangible benefits. Its ability to generate a powerful bulge on the bottom line is less known, but has strong potential, particularly in the current environment of economic uncertainty. As New York’s High Line, Chicago’s Millennium Park, Benalla’s mural festival, and even Hofman’s Rubber Duck indicates, it is creativity and innovation that offers success.

UAP News, 23.2.18

UAP News, 23.2.2018 Economic Impact of Public Art