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The Quartier des Spectacles by the numbers

February 5, 2015

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To date, the Quartier des Spectacles has generated up to $1.5 billion in economic spinoffs related to property development. That is the headline number from a new study conducted for the Quartier des Spectacles Partnership, the Board of Trade of Metropolitan Montreal and the Ville de Montréal. To coincide with the announcement of such an impressive figure just five years after the opening of the Quartier’s first new public space – the famous Place des Festivals – here are a few more interesting facts and figures about the Quartier des Spectacles. 3, 2, 1…go!


1.5 billion dollars

The property development spinoffs attributed to the Quartier des Spectacles since the announcement of revitalization plans in 2007: $1 billion in property investment and $530 million in new tax revenue, of which $148 million has already been collected by the various levels of government. To date, approximately $150 million has been invested in developing the Quartier’s new public spaces.


48

The number of development projects completed, begun or scheduled by 2016 in the Quartier since the beginning of the project. As much as 25% of all investment has gone into projects with a primarily cultural character.


+67%

The projected increase in the number of people living in the Quartier des Spectacles between 2007 and 2016. By the end of that period, there will be some 15,000 residents in the neighbourhood. The Quartier also has 45,000 jobs, including 7,000 culture-related positions, and more than 50,000 students.


53%

The proportion of merchants in the Quartier’s Place des Arts sector who opened less than 10 years ago, suggesting that the ongoing revitalization process has attracted many of them. Moreover, 88% of merchants report being satisfied with the improvements in the Place des Arts area.


80

The number of cultural venues in the Quartier des Spectacles. Among them are 30 performance venues, making the Quartier the district with the highest concentration of cultural venues in North America. The Quartier is also home to 450 culture-related companies and organizations.


25%

The proportion of all show tickets sold in Quebec that are sold in the Quartier des Spectacles.


7 million

Annual attendance at the 40 festivals presented in the Quartier des Spectacles.


8

The number of public spaces with cultural programming within the Quartier des Spectacles, which is bordered by Saint-Hubert, City Councillors, Sherbrooke and René-Lévesque. Eight is also the number of permanent video projection sites in the Quartier – the world’s largest digital art display platform and an important contributor to Montreal’s international profile.


STUDY ON THE REAL ESTATE ECONOMIC BENEFITS OF THE PLACE DES ARTS AREA OF THE QUARTIER DES SPECTACLES


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