BBC NEWS
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC News UK Edition
    You are in: Entertainment: Arts  
News Front Page
World
UK
England
N Ireland
Scotland
Wales
Politics
Business
Entertainment
Film
Music
TV and Radio
Showbiz
Arts
Reviews
Science/Nature
Technology
Health
Education
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
CBBC News
SERVICES
-------------
EDITIONS
 Tuesday, 31 December, 2002, 13:26 GMT
Guggenheim scraps expansion plans
Planned Guggenheim Museum
The museum would have stood in lower Manhattan
A $950m (600m) plan for a spectacular new Guggenheim art museum in New York has been shelved because of financial problems.

The proposed building, which would have looked like a giant twisted metal structure, was to be built in addition to the original Solomon R Guggenheim Museum, which is one of the city's cultural landmarks.

But the Guggenheim Foundation, the city and the state's Economic Development Corporation have all pulled out because the economy makes it "not realistic at this time".

Original Guggenheim Museum in New York
New York's original Guggenheim opened in 1959
The plan was unveiled in 2000, with the building designed by Frank Gehry, who was also behind the Guggenheim's acclaimed gallery in Bilbao, Spain.

The 40 to 45-storey structure would have overlooked the East River in lower Manhattan.

But the Guggenheim Foundation has been under increasing financial pressure, closing its museums in Las Vegas and New York's SoHo, and cutting staff.

Billionaire Guggenheim benefactor and trustee Peter B Lewis recently said the museum relied on a financial plan that "first used yesterday's reserves and then used tomorrow's optimism".

He said: "If Frank Gehry designs a public-service building, I am willing to contribute the last 25%. But there are conditions, namely that no energy is committed to do anything about this now."

The Guggenheim operating budget is reportedly down to $24m (15m) per year - half the level of the late 1990s.

There had also been talk about opening branches in Salzburg, Rio de Janeiro, Tokyo and Edinburgh.

See also:

22 Apr 00 | Americas
05 Oct 01 | Arts
30 Dec 02 | Arts
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Arts stories are at the foot of the page.


E-mail this story to a friend

Links to more Arts stories

© BBC ^^ Back to top

News Front Page | World | UK | England | N Ireland | Scotland | Wales |
Politics | Business | Entertainment | Science/Nature | Technology |
Health | Education | Talking Point | Country Profiles | In Depth |
Programmes