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Tribeca Fest Garners $3M

The Lower Manhattan Development Corporation (LMDC) has made a two-year, $3 million financial commitment to the Tribeca Film Festival. The corporation based its rationale for the funding on the fact that the festival was the first major event to be held in Lower Manhattan after the Sept. 11 terrorist attacks and has helped attract thousands of visitors and millions of dollars in revenue to the downtown area.

The LMDC grant will help fund the Tribeca Film Festival Guide as well as a number of events, including the year-round Tribeca All Access program and the Tribeca Film Festival's panels and workshops. The LMDC grant will also be financing the Tribeca Family Festival, an all-day street fair covering seven blocks of Greenwich Street from Duane Street to Hubert Street. For an entire day, local schools, merchants, restaurants, and civic organizations will come together to host special performances on boulevard stages and provide a variety of Tribeca's finest foods, refreshments, and merchandise.

The LMDC selected to fund these programs because they all promote the downtown area as a cultural center and contribute to the continued economic health of Lower Manhattan. Additionally, many of the LMDC-funded programs are free and open to the public and provide an educational experience to those who attend.

In addition to the LMDC's funding, New York State Gov. George E. Pataki announced a $200,000 grant from Empire State Development to support the Tribeca Film Institute Inc. These funds will be used to subsidize the institute's year-round education and networking programs.

Pataki said, "In the two years since the Tribeca Film Festival began, the event has become world-renowned and has succeeded in attracting close to a half million people to Lower Manhattan. This festival, which was started in the wake of Sept. 11, has given a much needed cultural and economic boost to Lower Manhattan. The grant from the LMDC will help support a great event that is contributing to the rebuilding process by generating buzz, attracting new visitors, and bringing cultural vitality to downtown."

The 2004 Tribeca Film Festival will take place from Sat., May 1 through Sun., May 9.

-- Roger Armbrust

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