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Wednesday, September 17, 2025 |
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Cost of MoMA’s Expansion Grows to $858 Million |
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NEW YORK.- The New York Times reported that expansion plans of the Museum of Modern Art have grown in expenses. The minutes of the last museum board meeting say that there have been $31 million worth of changes to the original plans and adding this to unbudgeted expenses, it totals $52 million. The project is on schedule, though. The director of the museum Glenn D. Lowry, said: "I’m confident we’ll reach our goal." The total cost of the expansion will now be $858 million from the original plan of $806 million. The expansion is scheduled to open to the public in 18 months and around $200 million still need to be raised to complete the project. The higher cost comes because of three things, basically. First, construction insurance cost has tripled after 9/11. Second, the museum has acquired land at its new building and the temporary space in Long Island City, Queens. And third, there have been design changes. Lowry commented, "That figure ($858 million) includes everything from the purchase of land in New York and land in Queens to the museum’s endowment, the cost of construction, funds to operate an off-site theater while ours is under construction and funds to operate the Queens exhibition space. On an $800 million project, $52 million is less than 7 percent. Yes it’s a lot of money but not in the context of the project’s scale. About half are changes in the scope of the project…When we started the project we had hoped to be able to completely gut and renovate the interior of the Johnson and Goodwin and Stone buildings and put in all new systems. But post 9/11 we modified the plan, altering the ground, second and third floors and it was then we decided not to put in a new core but retain the existing elevator and ventilating shafts." The chairman of the board of the museum, Ronald S. Lauder, said: "I wanted to take the 1939 building and bring it back. That meant replacing the translucent stone, the entrance foyer and redoing the original Philip Johnson boardroom. This way there will be the Taniguchi building, and there will be the old Modern, so that besides seeing the best of modern art, visitors can see the best of architecture. I’ve been looking at pictures of the Modern taken in the 1940’s because it’s important that we capture the same spirit. It’s part of our grounding, our heritage."
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Today's News
September 17, 2025
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The Rockwell Museum announces inaugural Mary Spurrier Fellowship in Native American Art recipient
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New exhibition explores the alchemy of making with Rana Begum, Lubna Chowdhary, Eva Rothschild, and Anni Albers
National Air and Space Museum expands its Steven F. Udvar-Hazy Center
Unique Van Gogh experience at the Kröller-Müller Museum while Terrace of a Café at Night is in Japan
The New York Public Library for the Performing Arts explores the history of Black musical theater in a large-scale exhib
The Huntington to receive historic gift of the L.A. Louver archive & library
Two works by Claes Oldenburg and Alex Da Corte to be part of "Atlas" at Fondazione Prada
The Baltimore Museum of Art opens Engaging the Elements: Poetry in Nature
Take a world tour of Jewish literary creativity this fall at the Grolier Club
Lethaby Gallery presents Re:generating Creativity exhibition
Fondazione Furla presents Sara Enrico: Under the Sun, Beyond the Skin
Artist Tessa Lynch unveils new works that critically reflect on urban life
Louisiana Art & Science Museum names Krystal Swain Director of Education & Aerospace
In "Desenmarcado," Pablo Reinoso explores the boundaries of form and function
Elif Uras's new exhibition explores women's labor through pottery and gold
Deutsche Bank Lounge at Frieze London 2025 to host Noémie Goudal: Inhale Exhale
Igshaan Adams' solo exhibition weaves together a spiritual and communal tapestry
2025 Tarnanthi Festival launches with First Nations hip hop supergroup 3% and the Tarnanthi Art Fair
Takashi Murakami's monumental Panda Géant (2009) offered at auction
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