Author: Economics Research Associates

Publication Year: 1977

Media Type: Report

Summary:

In September, 1978, the Allied Arts Council retained Economics Research Associates (ERA) to conduct an economic feasibility and implementation study for a cultural arts center in Las Vegas. The key objectives of this feasibility study are to determine the market potential and financial responsibility for this proposed complex. The desired output of the study is a recommended program of practical facilities and site that are most appropriate for Las Vegas in terms of cultural needs assessment and local support.

Abstract:

In September, 1978, the Allied Arts Council retained Economics Research Associates (ERA) to conduct an economic feasibility and implementation study for a cultural arts center in Las Vegas. The key objectives of this feasibility study are to determine the market potential and financial responsibility for this proposed complex. The desired output of the study is a recommended program of practical facilities and site that are most appropriate for Las Vegas in terms of cultural needs assessment and local support.

Specifically, ERA undertook an evaluation of market support factors for the proposed cultural arts center. In addition, an extensive site evaluation had been conducted. Based on this foundation, the consultants recommended an optimal program of facility configurations, usage and organization; prepared operating statements; and recommended a funding plan and implementation program.

CONTENTS
Section 1. Introduction.

Section 2. Summary and conclusions.

Section 3. Regional background.

Regional setting.
Population.
Income.
Employment.
Tourism.
Community support for the arts.
Conclusion.

Section 4. Existing and planned cultural facilities.

Judy Bayley Theatre.
Artemus C. Ham Concert Hall.
Reed Whipple Center.
Clark County Library district.
The Meadows Playhouse.
Las Vegas art museum.
Other facilities.
Conclusion.

Section 5. Cultural needs assessment.

Performing arts.
Visual Arts.

Section 6. Preliminary facilities program.

Projected usage.
Experience in other cities.
Alternative facilities concepts.
Preliminary facilities program.

Section 7. Site selection analysis.

Introduction.
Criteria and method of site evaluation.
Site analysis.
Recommendations.

Section 8. Design concepts and cost estimates.

Design statement.
Construction cost estimate.

Section 9. Organizational recommendations.

Experience in other cities.
Alternative organizational structures.
Recommended organizational plan.

Section 10. Financial analysis.

Projected attendance and revenues for the Art museum complex.
Projected usage and revenues for the Performing Arts Theatre.
Pro forma financial analysis.
Overall result from operations.

Section 11. Recommended funding plan.

Sources of funding for comparable arts center.
Recommended funding plans.
Next steps.

Arts & Intersections:

Categories: Cultural Facilities