Apparently waterfalls are good for business. At least that's what the Bloomberg administration says.
The Olafur Eliasson-designed set of four waterfalls that landed on New York City's harbor this past summer--the public art viewed by its critics as bulky, water-spewing scaffolding that acted as a giant defoliator to trees under the Brooklyn Bridge--cost $15 million to build, funded through the Public Art Fund.
But it's all worth it, the city said today. The project brought an additional $69 million into the city economy, the Bloomberg administration tallied, as residents and tourists poured cash into ferry boat operators, hotels and cultural institutions--cash that otherwise would not have been poured. read more »