N.Y. Museum Issues Economic-Impact Report

A study of the economic impact of the Museum of Modern Art, in New York, claims that in less than three years from the institution’s reopening in 2004, the museum will have generated $2-billion in revenue for the city, reports The Wall Street Journal.

The study, which the museum commissioned in June, includes the museum’s spending in the city and estimates the “ripple effect” of subsequent spending by the museum’s employees, vendors, and visitors.

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