IN SEARCH OF: The Social Impact of Cultural Districts – Emerging Principles for Social Impact Evaluation
IN SEARCH OF: The Social Impact of Cultural Districts – Emerging Principles for Social Impact Evaluation
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Across the globe, the transformative powers of cultural districts have been widely noted, particularly with respect to how they add value to the lives of individuals and to society as a whole. Yet the ways in which cultural districts deliver and evaluate their social impact have yet to be fully explored. Importantly, there is a stark absence of rigorous methodologies and assessment frameworks to assist cultural districts in articulating, planning, delivering, and evaluating their social value proposition. Based on findings from a follow-up study to our 2019 report on Social Impact, untimely terminated due to Covid-19, this publication highlights there is much to be learned about the social impact of cultural districts.
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AEA Consulting’s 2018 Cultural Infrastructure Index
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AEA Consulting is pleased to present the 2018 Cultural Infrastructure Index. Now in its third edition, the Index seeks to measure investment in capital projects in the cultural sector, identifying projects with a budget of US$10 million or more that were publicly announced or completed within a calendar year.
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AEA Consulting’s 2017 Cultural Infrastructure Index
Publications
The Cultural Infrastructure Index, undertaken for the Global Cultural Districts Network by AEA Consulting, seeks to measure investment in capital projects in the cultural sector, identifying projects with a budget of US$10 million or more.
This year’s findings reveal an increase in both the number and value of completed projects over 2017, with a significant bump in the Middle East, reflecting the completion of the Louvre Abu Dhabi. North America continues to lead in the number of projects, followed by Europe and Asia.
While many believe the era of the “starchitect” may be ending, cultural infrastructure strategies are now firmly part of the public policy discourse in many countries. The private sector now appears to be driving a further wave of investment, expanding the definition of “culture” further into entertainment and experience.
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AEA Consulting’s 2019 Cultural Infrastructure Index
Publications
AEA Consulting is pleased to announce the release of the 2019 Cultural Infrastructure Index. Now in its fourth edition, the Index seeks to measure investment in capital projects in the global cultural sector, identifying projects with a budget of US$10 million or more that were publicly announced or completed within a calendar year.
FREE
FREE
Free
AEA Consulting’s 2016 Cultural Infrastructure Index
Publications
The Cultural Infrastructure Index, undertaken for the Global Cultural Districts Network by AEA Consulting, seeks to measure investment in capital projects in the cultural sector, identifying projects with a budget of US$10 million or more that were publicly announced or completed within a calendar year. “Cultural infrastructure” comprises museums, performing arts centers, and cultural hubs or districts, and projects tracked include new buildings, renovations, and expansions.
This inaugural Cultural Infrastructure Index covers 2016. The collected data reveals some US$8.45 billion in new physical assets that came online last year (101 completed projects), and a further US$8.54 billion in investment announced across 135 new projects. Our analysis shows the median budget for announced projects (US$36 million) is lower than that for completed projects (US$41 million).
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