Tricon Development Group and its partners propose to create a performing arts center in Woodbury, NJ by refurbishing the G.G. Green building.  They have involved a team of Rowan University MBA candidates to study how such a center would impact the local economy.

This economic impact study includes a review of already published studies on the economic impact of arts and cultural activity in a community.  These studies range in size and scope from a focus on a single museum location, to the regional impact of an arts themed development zone, to national studies that analyze and indentify broad trends in economic impact.  While some economists question the ability of the arts alone to drive economic redevelopment, all of the studies reviewed herein agree that a strong arts presence has positive impact on the local economy.