According to the New Cities Foundation, “a new independent non-profit with offices in Geneva and Paris: “Over the next decade, some $250 billion will be invested in the creation of new cultural districts around the globe” … “success is not just getting an arts building or series of buildings out of the ground, it is about ensuring that they are viable and play a central role in their communities.”
The reasons why such districts are popping up in cities around the world vary but in most cases, as mentioned, they are designed to nurture, retain and attract the talented 21st-century workforce so vital to success and survival in the global knowledge economy.
Read the whole article by John Eger: https://www.huffingtonpost.com/entry/downtowns-reshape-the-landscape-of-a-city_us_5a128212e4b0e6450602ec8d
