Sarasota Performing Arts Foundation and the City of Sarasota are pleased to release an Economic Impact Study highlighting the profound contributions of a new performing arts center to Sarasota and all of Sarasota County. Prepared for the Foundation by HR&A Advisors, one of the leading real estate and economic development firms in the country, the study forecasts a significant boost to the Sarasota region’s economic landscape, projecting over $150 million in annual economic activity. This figure exceeds the current economic impact of the Van Wezel Performing Arts Hall by 30%, marking a substantial advancement for the city's cultural and economic vitality. The study also estimates the creation of 1,200 permanent jobs and $300 million in tax revenues over 30 years, demonstrating a substantial return on investment. Key findings of the HR&A Advisors study include the following: Over $150 million in annual economic activity generated from operations, programming, visitation, and cultural tourism, with 358,000 annual visitors anticipated; Creation of 1,200 permanent jobs, contributing $52 million in annual wages; An injection of $562 million in spending countywide during the construction phase, including the creation of 3,200 temporary jobs and $162 million in temporary wages. To request the full Economic Impact Study, please email info@performingartsfoundation.org.