Looks like, the idea to move the Fashion tent from the Bryant Park to the Damrosch Park caused some serious money loss for the city. Lincoln Center, that has a long-term contract to rent the Damrosch Park, is getting all the money from the events sponsors, which is $17.2 million dollars.
Bryant Park, which was the the iconic previous host of the event, got only $2.6 million dollars last year. The non-profit Bryant Park Foundation was using the money to manage and renovate the park. However, the world-famous event outgrew the space. Although moving the private event from Bryant Park to another place was good news for the public, the economical results are not that thrilling. Since last year a private entity (Lincoln Center) is pocketing the money for a public space (Damrosch Park).
Besides the fact that the park will be closed for the public to host the Fashion Week, Lincoln Center is using that space to host other private events, as well.
Bryant Park, which was the the iconic previous host of the event, got only $2.6 million dollars last year. The non-profit Bryant Park Foundation was using the money to manage and renovate the park. However, the world-famous event outgrew the space. Although moving the private event from Bryant Park to another place was good news for the public, the economical results are not that thrilling. Since last year a private entity (Lincoln Center) is pocketing the money for a public space (Damrosch Park).
Besides the fact that the park will be closed for the public to host the Fashion Week, Lincoln Center is using that space to host other private events, as well.
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