How this artist fantasyland became a New Mexico moneymaker

How this artist fantasyland became a New Mexico moneymaker

Assessment

Interactive Video

Business

11th Grade - University

Hard

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The House of Eternal Return, an immersive art experience in Santa Fe, has become a business sensation since its opening in 2016. Created by the artist collective Meow Wolf, it attracted 400,000 visitors in its first year, generating nearly $7 million. The project has significantly impacted the local economy, creating jobs and offering competitive salaries. The CEO, a former artist, learned to leverage debt for growth, leading to plans for expansion into other cities. The business model boasts a 50-60% net profit, with reinvestment strategies for future growth.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the House of Eternal Return in relation to the New Mexico economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does the CEO Vince CAD Lubeck play in the success of the House of Eternal Return?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What unique experience does the House of Eternal Return offer to its visitors?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the House of Eternal Return perform financially in its first year?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the House of Eternal Return contribute to job creation in New Mexico?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the business model of Meow Wolf, and how does it differ from traditional models?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the House of Eternal Return challenge conventional ideas about art and economy?

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