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KINGS CROSS FESTIVAL ECONOMIC IMPACT (S103147)

By Councillor Vithoulkas
Question
Council provided cash sponsorship of $60,000 to the Potts Point Partnership
Incorporated for the Kings Cross Arts & Culture Festival 2014.
Whilst a formal survey is being conducted to gauge the economic impact for the area,
anecdotal feedback from retailers, visitors, police and local businesses supports the
success of the event.
1. When will the formal survey gauging the economic impact for the area be finalised?
2. Is there an expectation of a greater than $60,000 benefit for the precinct from the
festival and how is the benefit being calculated.
3. What is considered to be a successful economic boost for the local small
businesses?

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