"The proposed city-owned center at PSU is projected to generate approximately $98.2 million in total annual economic impact, compared to $84.9 million for a renovated Keller Auditorium, according to a new Economic Impact Analysis by the Chicago-based Hunden Partners consulting firm."
"Keller supporters say the study is flawed because the city could permanently close the existing downtown performing arts center after the new one opens, eliminating $50 million a year in future potential benefits."
"Renovating the Keller is estimated to cost roughly $290 million, while constructing a new one at PSU could cost up to $447 million."
Portland State University claims a new performing arts center on its campus will yield a $98.2 million annual economic impact, surpassing the $84.9 million projected for a renovated Keller Auditorium. Supporters of the Keller argue the analysis is flawed, suggesting the closure of the Keller would eliminate $50 million in potential benefits. The Keller, which does not meet seismic standards, may be closed for remodeling. A previous study indicated the region cannot support two Broadway-capable venues, recommending the new center at PSU instead of renovating the Keller.
Read at Oregon ArtsWatch * Arts & Culture News
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