1. Calculating the Worth Of East River 'Waterfalls'.
- Author
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Belson, Ken, Giambusso, David, Kelley, Tina, and Otterman, Sharon
- Subjects
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WATERFALLS - Abstract
Amid all the hoopla over Olafur Eliasson's ''New York City Waterfalls,'' which opened on Thursday along the East River, one might think the city was in for a windfall. When asked whether the public art installation was worth the $15.5 million it cost to erect it, Mayor Michael R. Bloomberg and other ''Waterfalls'' enthusiasts have said the exhibit is expected to generate $55 million in economic activity during its run, which ends in October. That amounts to about 0.09 percent of the $59.1 billion budget city officials agreed upon hours after the water began to cascade under the Brooklyn Bridge on Thursday -- roughly the amount generated by a single World Series game during the Subway Series in 2000. [ABSTRACT FROM PUBLISHER]
- Published
- 2008