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Miami’s venue only started in 2002, but the long-term impacts of the “Art Basel” effect are clear on the Miami economy.The event has gone on for 12 years and spawned entire development districts to support the arts and entertainment that crops up in conjunction.
That’s 0 million created from one week’s worth of activities.
This allows for a more sophisticated lifestyle to flourish.
Real estate professionals, for example, have been empowered to elevate price points and create super luxury condos that didn’t exist 13 years ago.
Our state’s cultural treasures, such as The Bechtler Museum, Seagrove Pottery and The Penland School are indeed gems that bring in tourists and money. But as good as our cultural nuggets are, we need to consider bigger.
With the blows that our community’s self-esteem has had recently by HB2 and the protests that unfolded in uptown, a bold cultural event similar to Art Basel would position Charlotte on the world stage and untap an economic development resource.