Economic Analysis · Financial Advisory · Market Research · Policy Analysis

Las Vegas Museum of Art | Economic and Fiscal Analysis

Analyzing the Feasibility and Impact of Bringing World-Class Art to Downtown Las Vegas

The Las Vegas Museum of Art is set to transform Symphony Park and elevate Southern Nevada’s cultural scene with its debut as the region’s first nationally accredited art museum. This visionary $150 million project will span 90,000 square feet and bring world-class exhibitions, education programs and creative experiences to the heart of Downtown Las Vegas. With more than 325,000 visitors expected each year, the museum is projected to generate over $180 million in annual economic activity and support more than 860 local jobs. Construction alone will fuel nearly $200 million in economic output. Slated to break ground in 2026 and open in 2028, the museum promises to be a dynamic catalyst for arts, tourism and community engagement in Southern Nevada.

Applied Analysis was engaged to evaluate the potential economic and fiscal impacts of a proposed nationally accredited art museum in Downtown Las Vegas’s Symphony Park. The study focused on the facility’s key attributes, assessed market supply and demand conditions, and included the development of a project pro forma. The analysis quantified the anticipated economic and community impacts during both the development and operational phases. As a result of this analysis, the City of Las Vegas granted the land for the project, with construction slated to begin in 2026 and operations expected to commence by 2028.

Las Vegas Museum of Art | Economic and Fiscal Analysis

Elaine P. Wynn & Family Foundation

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