Royal British Columbia Museum Corporation - Royal BC Museum

TITANIC ECONOMIC IMPACT
Economic impact of annual operations of Royal BC Museum
• In fiscal year 2006/2007 (ending March 31, 2007), the operations of the Royal BC Museum are
estimated to have had an economic impact in the Southern Vancouver Island region of $11.7
million and 497 full‐time jobs. This increases to $15.7 million – and 561 jobs – when impacts to
other areas of the province are included.
• Tax revenue resulting from 2006/2007 museum operations are estimated at $4 million, as follows:
o Federal: $1.0 million
o Provincial: $1.7 million
o Municipal: $1.3 million
• In fiscal year 2005/2006, the operations of the Royal BC Museum are estimated to have had an
economic impact in the Southern Vancouver Island region of $10.6 million and 447 jobs. This
increases to $14.3 million – and 511 jobs – when impacts to other areas of the province are
included.
• These benefits are in addition to the incremental economic impacts generated during major
exhibits.
Exhibition background
• Created by Atlanta‐based Premier Exhibitions Inc., Titanic: The Artifact Exhibition features 281
artifacts recovered from Titanic’s undersea resting place in a series of galleries that trace the life of
the “unsinkable” ship. RMS Titanic Inc., a wholly owned subsidiary of Premier Exhibitions Inc.,
is the only company in the world authorized to recover artifacts from the Titanic wreck site.