Updated Study: A New Sarasota Performing Arts Center Will Generate $194 Million in Annual Economic Impact
The Giving Coast
SRQ DAILY WEDNESDAY PHILANTHROPY EDITION
WEDNESDAY MAR 12, 2025 |
The Sarasota Performing Arts Foundation is pleased to share updates to the Economic Impact Study that highlight the contributions of a new performing arts center for Sarasota and Sarasota County. Originally released last May, the updated study reflects the latest building brief and business plan, including a larger theater with 2,700 seats, which is an addition of 500 seats. Prepared by HR&A Advisors—one of the nation’s foremost real estate and economic development firms—the study projects over $194 million in annual economic activity. This figure exceeds the current economic impact of the Van Wezel Performing Arts Hall by 68%, marking a substantial advancement for the city's cultural and economic vitality.
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