Funding for the arts is generally placed low on society’s list of priorities during economically challenging times. The coronavirus pandemic has significantly impacted the arts more broadly with the temporary closing of galleries, museums and performing arts venues across the country.
However, long-standing Percent for Art programs, which place fees usually a percentage of the development cost on commercial new-build projects to fund public art, have bolstered the resiliency of art in commercial real estate. This, coupled with some CRE players viewing art as a means to achieve greater return on investment for developments, has kept art in the public sphere alive.
NIGHT OF IDEAS: VISIONS FOR A BRIGHTER FUTURE at Online in San Francisco - January 28, 2021
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Arts-Oriented Land Trusts Preserve Affordable Cultural Spaces
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