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Guggenheim drops plan for Downtown museum.


Last week, the Solomon R. Guggenheim Foundation The Solomon R. Guggenheim Foundation is a nonprofit corporation founded in 1937 by philanthropist Solomon R. Guggenheim and artist Hilla von Rebay. Its primary accomplishment has been the construction of a number of international museums:
  • The Solomon R.
 announced that it has abandoned its plan to build a new museum on the East River in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
. Financial difficulties were cited as the reason for the decision, though Guggenheim officials expressed hope that a smaller version of the museum can be still worked into the Downtown redevelopment plan.

Located on Piers 9, 11, 13, and 14, the museum was to contain 570,000 SF of exhibition space and a 279,000-SF public park. In addition to showcasing a spectacular new building design by Frank O. Gehry, it was supposed to serve as the home of the Guggenheim's postwar collection and art works from the State Hermitage Museum The State Hermitage Museum (Russian: Государственный Эрмитаж, Gosudarstvennyj Èrmitaž  of St. Petersburg and the Robert Rauschenberg
"Rauschenberg" redirects here. For other uses, see Rauschenberg (disambiguation)


Robert Milton Ernest Rauschenberg (b. October 22 1925 in Port Arthur, Texas) is an American artist who came to prominence in the 1950s transition from Abstract
 Foundation.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the original plan, the new Guggenheim museum Guggenheim Museum, officially Solomon R. Guggenheim Museum, major museum of modern art in New York City. Founded in 1939 as the Museum of Non-objective Art, the Guggenheim is known for its remarkable circular building (1959) designed by Frank Lloyd Wright.  was to receive a $67.8 million contribution from the City of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and the rest of the $950 million project would be funded by federal grants and private donations. Unfortunately, the project was postponed first by the terrorist attacks and then by the weakening economy.

"Given the current situation, the Guggenheim project has to be rethought, perhaps on a more modest level, and certainly in the context of the city's master plan for the development of Lower Manhattan," said Thomas Krens, director of the foundation. "But we still believe that the Guggenheim needs an expanded facility at some point in the next 10 years and we have assembled some of the necessary resources."

Andrew M. Alper, president of the New York City Economic Development Corporation Overview
New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs.
, said in a published statement that he thinks the museum's decision a wise one.

"A new Guggenheim museum could have been a marvelous addition to the Downtown cultural community," he noted. "But given the museum's current financial difficulties, we understand and support their decision."

According to Guggenheim's officials, however, the plan is sure to be implemented eventually, even if in a reworked version.

"The Guggenheim's proposal to construct a grand cultural facility on the East River was an inspiring and magnificent concept, and one which could have a profound impact on the economic and cultural life of the area," said Peter B. Lewis, chairman of the Guggenheim Foundation. "I remain personally committed to supporting an extraordinary architectural and cultural project for Lower Manhattan. I am looking forward to seeing this project, on another scale and perhaps at another place, realized in the years to come."
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Author:Misonzhnik, Elaine
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Jan 8, 2003
Words:406
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