gmb's study(commissioned by the Guggenheim, paid for by the basque government, and conducted by Gestec, IBS and Peat mawick )projects and annual in come of 1.4 billion pesetas ( $14million at that time )based on generous private support ( supplying up to 40 - 50 % of the museum's annual budget ) and in expectation of healthy attendance (estimated at 594,547 visitors annually , consisting of 24 % from the province , 32 % from nearby regions , and the remaining 43% spanish and foreign ).the gmb's estimated multiplying effect on the basque economy would raise annual spending in the region by 35 million,plus generate 4 million in taxes.but zallo and gaviria argued that the report seriously overestimates attendance,as well as potential income and favorable economic impact overall factors they feel were indadequately considered include bilbao's lack of touristic appeal the basque country's tiny art audience and undeveloped cultural infrastructure (only four or five struggling conumercial galleries show contemporary art and only a few modest arts institutions exist) and spain's meager history of private giving and relatively low museum attenfance (only the prado reina sofia and dali museums receive more than half million visitors)likening th e project to fatal triple somersault without a net they see the gmb as a vastly disproprotionate expense unlikely to aileviate the basque country severe political and economic diifferent