The Shakespeare Festival is both a building and recipe.
The Shakespeare Festival takes up 2 X 2 spaces making the happiness and culture worth 1762/176 per square. You get 3000 silver and 70 XP for completing the recipe, and 900 XP for actually placing the building. It can be sold for 6000 silver. It is acquired through the Workshop. This is the third set of recipes you learn.
Below are the rewards and price in gold to be completed instantly for each sub-recipe.
3x Silver - Mine (4 hours to produce)
2x Gold - Mine (18 hours to produce)
1x Diamond - Mine (24 hours to produce)
3x Wool - Ranch (4 hours to produce)
2x Leather - Ranch (18 hours to produce)
2x Fleeces - Ranch (24 hours to produce)
6x Park Benches - Lumber Mill (4 hours to produce)
3x Ladder - Lumber Mill (8 hours to produce)
1x Pillar - Quarry (48 hours to produce)