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AEA Consulting is pleased to announce the release of the 2019 Cultural Infrastructure Index. Now in its fourth edition, the Index seeks to measure investment in capital projects in the global cultural sector, identifying projects with a budget of US$10 million or more that were publicly announced or completed within a calendar year.

2019 Cultural Infrastructure Index

AEA's analysis finds $7.9 billion-worth of new physical assets were completed globally in 2019 across 149 projects. A further $4.8 billion of investment in 101 projects was announced. This represents a slowdown in the growth of the number of completed projects seen every year since 2016 and the fourth consecutive drop in the number of announced projects from a peak of 135 in 2016. 

Anticipating the changes that will be brought by the COVID-19 pandemic, the case studies in this year's Index focus on the repurposing of existing spaces. As the pandemic redefines how we gather physically, many existing arts spaces will end up adapted for new patterns of use. While this may not require the level of transformation seen in the spaces highlighted in the Index, arts organizations – and the architects, designers, engineers, and artists working with them – may be well served by these imaginative examples. 

View the 2019 Cultural Infrastructure Index here

AEA Consulting's 2019 Cultural Infrastructure Index

Cultural Institutions Spent a Whopping $7.9 Billion on New Buildings Last Year. Things Will Look Very Different in 2020

artnet News

Eileen Kinsella of artnet News writes about the 2019 Cultural Infrastructure Index highlighting the slowdown in growth of the number of completed projects seen each year since 2016. 

Read the full article here.

Changsha Meixihu International Culture and Art Centre

Changsha Meixihu International Culture and Art Centre, Changsha, China © Virgil Simon Bertrand

AEA Consulting is a global firm setting the standard in strategy and planning for the cultural and creative industries.

We are known for our candid and impartial advice that draws on deep knowledge of the cultural sector as well as robust research and analytical insight.

Since 1991, we have successfully delivered more than 1,000 assignments in 35 countries, helping clients around the world plan and realize vital and sustainable cultural projects.