You are aware that there are only two places in the world to have globally renowned theatre districts? NYC's Broadway and London's West End.
No periodic Osheaga can outdo music venues in Brooklyn.
There are things that stick. Things that would have to move. Things that seems "easily replicated", but are only possible in extremely densely populated areas.
PS: I just recently moved out of NYC to a town 1 hour north of NYC. And I hate NYC. And I still can see what is impossible without certain factors.
*Software Engineer in Bay area gets paid more, than in NYC.