Presentation to City Council July 23, 2014

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Maximizing Investment in PUBLIC ART Presentation to City Council July 23, 2014 1 COUNCIL MOTION February 28, 2012 Report back on: “…ways to structure the City Public Art Program to stimulate additional investment in public art in Vancouver” and consider: • Best practices in civic investment • Create a public art fund • Coordinate with Park Board • Identify sites throughout the city • Position Vancouver as a global leader 2 23-Jul-14 Achieving the Vision: Tools 1. Revise Developer Options 2. Create a Signature Projects Fund & Destination art site 3. Provide Core Civic Funding LightShed, 2004 Coal Harbour Seawall By Liz Magor 3 23-Jul-14 1. Revise Developer Options Developer Options Current Model Proposed Model A: On-site artwork 98% to artworks on site 90% to artwork on site 2% admin fee 10% to Public Art Program for civic priorities B: Cash-in-lieu 100% cash in lieu to Public 20% developer incentive Art Reserve 80% to Signature Projects Fund C: Combination of on-site 60% to art on site No longer available artwork AND cash-in-lieu 40% to Public Art Reserve 4 23-Jul-14 Estimated Total Annual Private-Sector Contribution Artworks on $ 2.45M Development Sites Funds to the City : 80% Cash-In-Lieu1 $ .38M 10% of all projects $ .65M to Civic Program $ .27M Average Annual Private- $3.1M2 Sector Contribution Based on 2008-2012 average of $3.2M, annual amounts vary 1Assumes 15% of developers choose to cash out to Signature Projects Fund 2Total is $.1M less than annual average due to 20% incentive 5 23-Jul-14 2. Create a Signature Projects Fund & identify sites for Signature Projects Set the stage for a Commission 2 world-class extraordinary public art artworks in the city first two years Identify to profile the site(s) for fund Signature Projects Provide Incentives to encourage developer and philanthropic contributions Crown Fountain, 2004 City of Chicago, By Jaume Plensa 6 23-Jul-14 3. Maintain Core Civic Funding CIVIC CAPITAL COMMITMENT $700K for art at City buildings and Supports Program Infrastructure components not Incorporate covered by public art in civic developer infrastructure contributions Ensure public art is distributed and maintained city- wide The Birds, 2010 Olympic Village By Myfanwy MacLeod 7 23-Jul-14 Combined Program Funding Civic and Private-Sector Funding Comparison Art Public Olympic 2015-2018 projected figures are based on 2008-2012 average budgets 8 23-Jul-14 Summary of Recommendations: A. Revise developer options B. Establish a Signature Projects Fund and identify sites for Signature Projects at Q.E. Park, or Cambie Boulevard, the seawall or other destination sites C. $700K in annual capital funds for civic public art projects throughout the city Digital Orca, 2009 Jack Poole Plaza By Douglas Coupland 9 23-Jul-14.

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