WPCNR STAGE DOOR. May 1, 2008: In response to a request from WPCNR, Treasurer Ted Peluso of the White Plains Performing Arts Center Board of Trustees has provided more detail on the Arts Center halo effect on White Plains. Mr. Peluso and Chairman of the Board of Trustrees provided this detail on the Center's impact on the city economy by its continued presence.
Mr. Peluso projects that in 2008-2009 the center will deliver $230,000 in local government revenues (not exclusively sales tax), and 95 full-time equivalent jobs (not all employed at the Arts Center). Mr. Peluso's statement:
Here are the numbers I quoted Monday night:
Total economic impact $2,900,000
Full time equivalent jobs 95
Resident household income $2,070,000
Local government revenues* $230,000
State government revenues * $210,000
* Not sales taxes only
These amounts are derived from the projected economic impact of WPPAC's activities for 2008-09, related to the methodology used in a 2005 study by Americans for the Arts (www.americansforthearts.org). The study was done using 156 communities nationwide, including Westchester County.
The WPPAC amounts are for 2008-09, while the study's are for 2005. No reflection has been given to effects of inflation from 2005 to 2008-09 and WPPAC amounts do not reflect economic impacts of activities attributable to programs done by organizations renting the theater.
Obviously, these amounts are estimates. The only way to obtain more precise numbers for WPPAC (but again still estimates) is to commission a study and survey for WPPAC which would cost money.
