The First Art Newspaper on the Net   Established in 1996 United States Tuesday, March 19, 2019

Pacific Standard Time: LA/LA involved nearly 2.8 million participants, generated $430.3 million
The Pacific Standard Time: LA/LA launch party in Grand Park on September 14, 2018, kicked off hundreds of exhibitions, programs and events throughout the four-month initiative. Photo: Ryan Miller/Capture Imaging.

LOS ANGELES, CA.- The Los Angeles County Economic Development Corporation (LAEDC) released its analysis today of the economic impact of Pacific Standard Time: LA/LA, a collaborative initiative led by the Getty that explored Latin American and Latino art over a four-month period from September 2017 through January 2018.

The initiative, which included more than 70 cultural institutions from Palm Springs to Santa Barbara to San Diego, added $430.3 million in economic output and supported 4,080 jobs, with total labor income of nearly $188 million. This activity added an estimated $24.3 million in tax revenue for state and local government across Southern California.

“An investment in the arts is an investment in our future,” said Mayor Eric Garcetti. “Pacific Standard Time: LA/LA attracted millions of visitors, supported thousands of good- paying jobs, and helped drive another year of record-breaking tourism. L.A.’s status as a creative capital is good for business, and an inspiration for all Angelenos.”

The analysis showed that nearly 2.8 million visitors participated in Pacific Standard Time: LA/LA activities across the region, more than 30 percent of whom traveled from outside Southern California.

The LAEDC reported that three-quarters of a million attendees said their primary reason for visiting was Pacific Standard Time: LA/LA. In addition, visitor surveys conducted by Pacific Standard Time: LA/LA showed that 40.3 percent of participants were under 34 years of age.

Visitor spending on hotels, retail stores, restaurants, and other attractions reached $192.6 million.

In addition to visitor spending, Pacific Standard Time: LA/LA generated direct spending by the Getty and other partner institutions totaling more than $53 million, with spending in exhibition research and installation, program production costs, publications, transportation, staff support, and marketing for exhibitions, events, publications and other activities.

Pacific Standard Time: LA/LA presented hundreds of concurrent exhibitions, programs and events exploring different aspects of Latin American and Latino art, supported by $16.3 million in grants from the Getty Foundation. It produced ground-breaking scholarship, generating 60 catalogs that will transform the field. Further, nearly two dozen Pacific Standard Time: LA/LA exhibitions are traveling throughout the world, extending new perspectives of Latin American and Latino art internationally.

“Our goal for Pacific Standard Time: LA/LA, was to take a fresh look at the vital traditions of Latin American and Latino art, and to generate significant original research in an understudied area, and we are proud to say we accomplished that,” said James Cuno, president and CEO of the J. Paul Getty Trust. “But this economic impact report demonstrates that an investment in the arts is also an investment in Southern California.”

The economic impact report is made possible by Bank of America as part of its continued support for Pacific Standard Time: LA/LA. “The arts matter by breaking down barriers, inspiring, educating and bringing people together while at the same time serving as an important economic driver especially for the region’s creative economy,” said Raul A. Anaya, market president for Greater Los Angeles, Bank of America. ”We’re pleased to publicly share these findings which reflect our commitment for the arts as a catalyst for helping people and communities thrive.”

The Bank of America funded a similar economic impact report in 2012, after the first Pacific Standard Time initiative, known as Pacific Standard Time: Art in LA 1945-1980.

Today’s economic impact report showed considerable growth in all areas. In 2012, for example, the total economic output was $280.5 million, compared to this year’s economic output of $430.3 million. Total attendance at the first Pacific Standard Time was approximately 1.8 million, compared to today’s total of nearly 2.8 million.

Pacific Standard Time: Art in LA 1945-1980 ran for 27 weeks in 2011-2012 and included 65 museum exhibitions, seven performance series, 380 public programs and 70 participating commercial galleries with 140 exhibitions.

Pacific Standard Time: LA/LA ran for 21 weeks in 2017-2018 and included 84 museum exhibitions, nine performance series, 600 public programs and 70 participating commercial galleries with 120 exhibitions.

The Los Angeles County Economic Development Corporation’s report was developed by Somjita Mitra, Ph.D.; Shannon M. Sedgwick, Tyler W. Laferriere and Eric Hayes. To view the full report, visit Pacific Standard Time: LA/LA Economic Impact Report.

Today's News

May 8, 2018

Artemis Gallery presents curated auction of ethnographic, Asian and ancient artworks

'Day to remember' for art-loving nudists in Paris

Sotheby's to offer works by Howard Hodgkin encompassing the years 1966 - 2017

China's cultural monopoly denies Tibetan and Uyghur rights

Temporary exhibition at Musée de l’Homme dives into the tale of the prehistoric age to discover Neanderthals

Sotheby's and Morton & Eden to offer Royal Orders and Medals from the collection of George, Duke of Cambridge

Italian cinema 'giant' Ermanno Olmi dies aged 86

The Huntington acquires two Italian Renaissance paintings to complement its "Madonna and Child in Glory"

Rare Escher print to be offered at Bonhams New York

Freeman's announces highlights from its American Art and Pennsylvania Impressionists Auction

Petzel Gallery opens exhibition of works by Dirk Skreber

Exhibition at Hales Gallery features photographs by Rotimi Fani-Kayode from the mid-to-late 1980s

Full-scale Jean Prouvé house highlights Sotheby's Private Sales exhibition in New York

The Ringling installs large-scale sculpture by Beverly Pepper

Neighbors Project comes to New York City

Meleko Mokgosi rethinks European compositions for new suite of paintings at The Baltimore Museum of Art

Solo presentation of recent landscape paintings by Alex Katz on view at Richard Gray Gallery

New Museum's cultural incubator opens "Only Human" at Mana Contemporary

Studio Museum's latest presentations off-site but in-the-neighborhood

Pacific Standard Time: LA/LA involved nearly 2.8 million participants, generated $430.3 million

New paintings by artist Eliza Douglas on view at the Jewish Museum

Shin Gallery opens its first solo exhibition of artist J. PARK

Anna Laudel Contemporary presents a solo exhibition of works by Belkis Balpinar

Nationalmuseum publishes a catalogue of drawings by the Dutch masters

Most Popular Last Seven Days

1.- Historic show marks 350 years of Rembrandt, the 'first Instagrammer'

2.- Kimbell Museum Acquires Cranach Masterpiece

3.- Exhibition presents the most outstanding works from the Princely Collections

4.- MIMA opens an immersive and playful exhibition called "DREAM BOX"

5.- First exhibition of its kind pairs classic cars and Postwar paintings

6.- New Bouguereau exhibition at Milwaukee Art Museum explores artist's popularity in Gilded Age America

7.- Superstar designer Karl Lagerfeld dies at the age of 85

8.- Paul Gauguin's artistic innovations installed in tropical setting reflecting their inspiration

9.- Major gift to The Met of Peter Doig's modern masterpiece Two Trees

10.- Monet - Reinventions of Impressionism in a new large-scale exhibition

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful