Nevertheless, tourism is not always a panacea. The creation of a new cultural facility may help to rejuvenate a community, with an investment of governmental dollars opening the door to private initiatives. And hope still remains that perhaps the Carousel Museum, entering its tenth year, will do the same for the depressed city of Bristol, Connecticut. On the other hand, the Intrepid Sea and Air Museum, floating on the Hudson River on Manhattan's west side, funded by bond issues in the 1980's, never generated large revenues for either the neighborhood or for itself. Similar to MASS MoCA, the museums of contemporary art in both Chicago and San Diego also received state economic redevelopment funding for their construction, as did the Guggenheim Museum's new facility in Bilbao, Spain.
Cultural institutions do revive a community's economy.