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MASTER VISIOn157eConomiC imPaCt rePorts For immediate release PR- 078-05 March 3, 2005 maYor miCHael r. bloomberg announCes $254 million eConomiC imPaCt oF THE GATES on neW YorK CitY Over 4 Million Visitors to Central Park Mayor Michael R. Bloomberg today announced the estimated economic impact of The Gates, Central Park, New York City, 1979-2005, a work of art by New York artists Christo and Jeanne- Claude, on new york City’s economy. Initial data indicates that The Gates attracted over 4 million visitors to Central Park and generated an estimated $254 million in economic activity. The full economic impact of The Gates was felt not only in areas surrounding Central Park, but in hotels, restaurants, and cultural institutions across the City. The Mayor was joined by business owners and workers impacted by The Gates, and by Deputy Mayor for Administration Patricia E. Harris, Department of Cultural Affairs Commissioner Kate D. Levin, Parks & Recre- ation Commissioner Adrian Benepe, Central Park Conservancy President Doug Blonsky, NYC Economic Development Corporation President Andrew Alper and NYC & Company President Cristyne L. nicholas at a press conference held at Mickey Mantle’s Restaurant on Central Park South - where business improved by as much as 200% during The Gates. “The Gates showcased Central Park and New York City to visitors from around the globe and promoted tourism to the ‘World’s Second Home’,” said Mayor Bloomberg. “Innovative public art has the ability to evoke discussion and debate. We are pleased with the excitement and eco- nomic activity The Gates generated throughout the entire City. I would like to thank Christo and Jeanne-Claude for their patience and tenacity in realizing their dream and sharing The Gates with all of us.” “The Gates has been a great celebration of the parks and people of New York City,” said Com- missioner Benepe. “Visitors experienced Central Park in an entirely new way and many discov- ered for the first time the unique beauty of our parks in winter.” The Central Park Conservancy’s attendance count estimates that visits to Central Park reached over 4 million during The Gates - a substantial increase from the approximately 750,000 visits the Park receives during the same two-week period in a typical February. nyC Economic Development Corporation estimates that more than 1.5 million visitors for The Gates were from out of town - an estimated 300,000 of those were international visitors. Usually 13% of tourists are from outside the country but during The Gates, the international share increased to almost 20%.CHristo and Jeanne-Claude new York 8.A. - Page 84