The night-time economy (NTE) is an integral part of modern life. What used to be considered “after-hours” is now becoming regular hours for more businesses, with many global cities actively working to grow and manage their evening economies.
Cape Town and its buzzing city centre is no different, and the Cape Town Central City Improvement District (CCID) continues to play a pivotal role in the resurgence of the downtown night-time economy, especially after the easing of Covid-19 restrictions. Sandra Gordon, CCID research economist, is currently working on an NTE impact study in collaboration with the University of Cape Town and the Urban Real Estate Research Unit. She says, “The night-time economy of a CBD goes well beyond a bustling collection of trendy coffee shops, restaurants, pubs and clubs.
“There is growing recognition in several prominent global cities that the night-time economy (NTE) is a source of economic activity, employment and urban renewal. It does need to be carefully managed, however, as it can also generate inner-city challenges, especially for residents.”
Right now, the CBD’s post-pandemic NTE has the potential to give the downtown economy a lucrative boost. Gordon continues: “Currently the facilities, infrastructure and networks of the CBD are only fully utilised on weekdays between 06h00 and 18h00pm. By supporting and growing the NTE, the intention is to use them for an extended period. We need to include activity…
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