Define close proximity. Charlotte is one of the only places I've been which is considered a city where 6 blocks = too far to walk. In New York, Chicago, LA, DC, etc, I'd happily jump at the chance to live anywhere within 12 blocks of my desired cultural destination. Also, the light rail, (I feel like you can't say train in this city without fear of being struck by lightning) is able to deliver people from 10 miles out almost to the doorstep of the place as well as the upcoming Wachovia cultural complex, all of the existing museums, convention center, stadiums (current and future), Nascar Hall of Fame, etc etc etc. Assuming Charlotte will push through and build at least one or two more lines of the light rail then you have even more people, if they will take mass transit, that essentially live in close proximity of the cultural center. The residences that define or will help define a cultural landmark should be top tier, it adds to the value and the lifetime of the venue. Programming and events will attract whatever demographic it wishes in a downtown central business district that is becoming more and more accessible to people outside and on the outskirts of downtown.