Arts institutions, such as prominent, established museums and galleries, complement the inherent heterogeneity and the definitive dynamic mix of urbanity.1 As civic anchors, they are institutional entities that occupy sizeable amounts of land,2 real estate and social capital.3 Anchor institutions have an interdependent relationship with the communities they’re located in, interacting in various capacities such as service providers, workforce developers and community infrastructure builders. Anchor institutions drive shared value for both the institution and the neighbourhood.4 As destination landmarks that denote world-class status, these institutions are magnets for high profile investment, creating pockets of increased real estate values across the city.
Art Institutions: Initiators and Reflectors of Neighbourhood Change
