The Arts = Prime Real Estate

Posted by Emily Peck, May 13, 2011 0 comments

Emily Peck

Emily Peck

On Tuesday, the Metropolitan Museum named a new board chairman, Daniel Brodsky, managing director of the Brodsky Organization, a company that owns and manages apartments throughout Manhattan. As the board leader of a major NYC cultural destination, Brodsky understands the value of the arts to his city and his business.

When asked why CEOs of real estate companies are chairing the boards of many of the major NYC cultural institutions, Brodsky said in the New York Times that they were “’very concerned about the viability of the city,’ which cultural activity contributes to, ‘so there’s a logical reason for real estate people to be involved.’” 

Brodsky takes over for James R. Houghton, chairman emeritus of Corning Incorporated and the Met’s board chair for the past 13 years, as well as a Business Committee for the Arts board member from 1969 until 1996. In 2008, we honored Mr. Houghton with our BCA Leadership Award at the BCA 10 gala. Upon learning that he was receiving this honor, Houghton said, “I have always believed that the arts are a very important part of our society and that those of us in the business sector have a responsibility to support the arts.”

This is a belief he incorporated into Corning Incorporated where supporting the arts is a part of their foundation guidelines and the work of world-renowned glass artists fills their corporate headquarters. He knows that arts play a role in building a creative workforce and that the arts help attract the employees businesses are looking for.

These are just two of the many business leaders throughout the country who recognize the role that the arts have in advancing business goals.

To read more stories about business leaders supporting the arts, check out our past BCA 10 winners or add your stories to the comments below.

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