Plan for World Trade Center performing arts centre shrinks as it’s dealt another blow
Posted July 24, 2015 7:37 am.
Last Updated July 24, 2015 8:20 am.
This article is more than 5 years old.
NEW YORK, N.Y. – A performing arts centre planned for the World Trade Center has been dealt another setback.
The New York Times reports (http://nyti.ms/1VErU1g ) the corporation in charge of downtown redevelopment said Thursday the project should come in at no more than $200 million. That’s about half the original cost.
The Lower Manhattan Development Corporation says the $99 million in federal funds committed to the project are contingent on the centre’s leaders producing an affordable design with a plan for raising money.
It’s another setback for a project conceived more than a decade ago and that has been curtailed over the years.
The centre’s president, Maggie Boepple, says they can do a great building for $200 million.
The centre hired acclaimed British theatre director David Lan as a temporary artistic director last year.
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Information from: The New York Times, http://www.nytimes.com
