Item B: City Council Goal Update-Arts and Outdoors

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ATTACHMENT A Hult Center and Cuthbert Amphitheater Economic Impact When patrons attend a performing arts event, they may purchase dinner at a restaurant, pay to park, eat dessert after the show, and return home and pay the baby-sitter. All of these expenditures have a positive and measurable impact on the economic vitality of the community. Americans for the Arts, the nation's leading non-profit organization for advancing the arts in America, has, through research and development in over 156 communities, devised an “Arts and Economic Prosperity Calculator.” By inputting only three variables – total population, total annual expenditures by the facility, and total attendance – the total economic impact on the region is calculated. According to this estimate, the Hult Center’s “industry impact” to the region based on dollars spent by this organization, and event-related spending by arts and culture audiences is: ? $12.3 million economic impact ? 360 full-time equivalent jobs that are supported by these expenditures ? $6.4 million in household income or the total dollars paid to community residents ? $552,000 in local government revenue and $599,000 in state government revenue as a result of the expenditures made. The industry impact of Cuthbert Amphitheater* using the same variables listed above is: ? $1.9 million economic impact ? 57.4 full-time equivalent jobs that are supported by these expenditures ? $1.2 million in household income or the total dollars paid to community residents ? $76,900 in local government revenue and $94,250 in state government revenue as a result of the expenditures made. estimate *Total annual expenditures include those made by the City of Eugene and an of those made by the contracted vendor managing the facility (artist fees, production, marketing, other ancillary expenses). C: Reports/Economic Impact.doc kh 1-09