Culture Boosts Values

Everyone,

I have to give our freind Liz Richards credit for finding this great story... actually, I got it from HER newsletter. Liz is one of Denver's super-successful brokers. Smart, cool and onfire. Everyone likes to work with a winner and she is leading the way.

The reason I like this story is becasue at Modo, we take culture seriously... that's why we chose to build downtown near very cool things like the new Denver Art Museum.

You can walk from Epic on Penn in Capitol Hill to the museum, Library and a ton of other cool things with great food, coffee and pubs on the way. This is good not only because it s great stuff to enjoy, but its also great for property values!

Read on and enjoy...



By Joanne Kelley, Rocky Mountain News October 25, 2006

Denver's economy got a $1.4 billion boost from its expanding cultural scene last year. From art museums to the zoo, nonprofits making up the vast sector attracted 14 million people who spent $785 million on everything including tickets, parking and baby sitters, according to a study released Tuesday. "Culture makes a critical contribution to metro Denver's economic vitality," said Deborah Jordy, executive director of the Colorado Business Committee for the Arts, which released the report.

In addition to admission fees and spending by cultural tourists, the remaining $600 million of the overall economic impact comes from investments, grants and the money that the institutions themselves spend to operate their organizations. The data, compiled every other year by Deloitte Consulting, shows culture's economic impact has increased from the $1.3 billion reported in its last study.

Denver-area arts organizations drew about $387 million from outside the region, with visitors accounting for most of that money. "This extra spending coming into our community plays a key role in creating new jobs," said Luella Chavez D'Angelo, who chairs the board of the Colorado Business Committee for the Arts. Nonprofits involved in arts and scientific pursuits employ about 10,800 people. Some 6,300 new jobs have been created in the sector since 1997.

The organizations contribute about $16 million in seat sales and payroll taxes. The study measures data from more than 300 nonprofits funded through the Scientific & Cultural Facilities District tax. D'Angelo noted that Denver area cultural events attracted 14.1 million people last year, with 2.4 million of those visitors coming from outside the metro area. That's far more than the 4.5 million who attend professional sporting events, many of which draw much bigger television audiences. But because cultural happenings lure people out of their homes and into their communities, audiences wind up spending money on all sorts of different items on their way to and from events.

"The arts are absolutely core to the city's vitality," said Rosemary Rodriguez of the Denver City Council. "(They are) the reason people are going to start visiting Denver."

kelleyj@RockyMountainNews.com or 303-954-5068

From the Guys and Ladies at Modo

Everyone,

We got together at one of the partner's homes near by in the Baker neighbothood (4 of the 7 partners live there) and pigged-out hard core!

We apprecaite you all and hope you had a great Thanksgiving too. We have a lot to be thankful for and glad we're part of your community.

cb

PS I love ugly American food like gelatin-cranberries!

You Came, You Saw, You Drank All My Coronas!!!!

Everyone,

The Modo Day of the Dead Celebration hosted by the ladies at Urban Denver (BTW - THEY ROCK!!!) was a B-L-A-S-T!!!

We always have a lot of people show-up for Modo parties thought you know how it is... you’re nervous because you want a lot of cool people to have a great time. I feel soooooo fortunate that a ton of people had a great time!!! Check out that view from the roof top!!!

Thanks to everyone and especially to those who said great things and our newest owners!!!

cb