Press Release

June 13, 2016

Lincoln Center Announces Economic Impact of World’s Leading Cultural Campus

Lincoln Center News

Press Contact: Mary Caraccioli

212.875.5100

[email protected]

 

LINCOLN CENTER ANNOUNCES ECONOMIC IMPACT OF WORLD’S LEADING CULTURAL CAMPUS

THE COMBINED IMPACT OF LINCOLN CENTER’S 11 RESIDENT ORGANIZATIONS IS $2.4 BILLION ON NEW YORK CITY’S ECONOMY
 

NEW YORK (June 13, 2016) – Lincoln Center, the cultural heart of New York City for over half a century, is also an important economic force, according to a new report released today. Lincoln Center’s 11 resident cultural organizations and its three long-term licensees hosted 4.5 million people in the 2015 fiscal year, and the cultural campus contributed $2.4 billion in economic impact in New York City. In addition, New Yorkers benefited from access to free performances: 33% of performance attendances were free. The New York Public Library for the Performing Arts admissions (also free) comprised a further 11% of the 4.5 million attendances.

 

“Lincoln Center is proud to be an important driver of the New York economic engine,” said Katherine Farley, Chairman of Lincoln Center. “The activity around our campus supports hundreds of millions of dollars spent with neighboring businesses, many of which are locally owned.”  Farley added, “In addition to the enormous financial contribution Lincoln Center makes to our city, we are proud that we have provided free performances for nearly 1.5 million people, all of whom have experienced the very finest in the performing arts.”

 

"Lincoln Center is a powerhouse, but I think the extent of its reach would surprise even some of its biggest fans,” said Alicia Glen, Deputy Mayor for Housing and Economic Development. “It boosts tourism, helps define the city's cultural life, and inspires our young people. Few cities can claim anything like it."

 

“Arts and culture don’t just feed our imaginations, they power our city’s economy," said City Council Majority Leader Jimmy Van Bramer, Chair of the Cultural Affairs Committee. "Nowhere is this better illustrated than in this report released today by Lincoln Center, detailing its impact on the economy of New York City. Lincoln Center’s eleven resident organizations and three long-term licensees contributed a critical $2.4 billion to New York City’s economy in the 2014-2015 season. This report shows that investment in the arts yields a great return for our city.”

 

The study, managed by outside consultant Catherine Lanier, included all Lincoln Center resident organizations: The Chamber Music Society of Lincoln Center, Film Society of Lincoln Center, Jazz at Lincoln Center, The Juilliard School, Lincoln Center Theater, The Metropolitan Opera, New York City Ballet, New York Philharmonic, New York Public Library for the Performing Arts, School of American Ballet, and Lincoln Center for the Performing Arts, and three long-term licensees: American Ballet Theatre, Big Apple Circus, and Tisch WNET Studio.

 

The $2.4 billion impact consists of direct spending by Lincoln Center of $785.4 million and indirect spending of $1.4 billion. Lincoln Center tourists—audience members from out of town who said that Lincoln Center was a very important reason for their trip to New York City—spent $669.8 million, having an impact of $1 billion. This economic activity created nearly 16,000 jobs in the city.  

 

Some highlights from the report:

Lincoln Center contributed $2.4 billion to New York City’s economy in the 2014–2015 season.

Lincoln Center organizations spent $785.4 million in New York City during that period, having an economic impact of $1.4 billion.

$113.5 million in New York City taxes were collected.

Lincoln Center tourists—audience members from out of town who said that Lincoln Center was a very important reason for their trip to New York City—spent $669.8 million, having an impact of $1 billion.

15,802 New York City jobs were created by this economic activity.  

71% of Lincoln Center expenditures were on program-related labor and expenses.

44% of all attendees took advantage of Lincoln Center free events, programs, and admissions.

Nearly 1.5 million people attended a free performance, and another half million visited the New York Public Library for the Performing Arts, to attend free events.

 

Lincoln Center for the Performing Arts (LCPA) serves three primary roles: presenter of artistic programming, national leader in arts and education and community engagement, and manager of the Lincoln Center campus. A presenter of more than 3,000 free and ticketed events, performances, tours, and educational activities annually, LCPA offers 16 series, festivals, and programs, including American Songbook, Avery Fisher Career Grants and Artist program, David Rubenstein Atrium programming, Great Performers, Legends at Lincoln Center: The Performing Arts Hall of Fame, Lincoln Center at the Movies, Lincoln Center Emerging Artist Awards, Lincoln Center Festival, Lincoln Center Out of Doors, Lincoln Center Vera List Art Project, Midsummer Night Swing, Mostly Mozart Festival, White Light Festival, the Emmy Award–winning Live From Lincoln Center, which airs nationally on PBS, and Lincoln Center Education, which is celebrating 40 years enriching the lives of students, educators, and lifelong learners.  As manager of the Lincoln Center campus, LCPA provides support and services for the Lincoln Center complex and the 11 resident organizations: The Chamber Music Society of Lincoln Center, Film Society of Lincoln Center, Jazz at Lincoln Center, The Juilliard School, Lincoln Center Theater, The Metropolitan Opera, New York City Ballet, New York Philharmonic, New York Public Library for the Performing Arts, School of American Ballet, and Lincoln Center for the Performing Arts.  For more information, visit LincolnCenter.org.

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Caption: Lincoln Center
Photo Credit: Iñaki Vinaixa for Lincoln Center
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