Arts and culture aficionados have been waiting for movement on the Eli and Edythe Broad Art Museum for some time, and Michigan State University (MSU) has finally set a groundbreaking deadline of March 16, 2010.
The $45 million project will be beacon of the Capital region’s growing arts scene. The 46,000 square foot building is being designed by world-renowned architect Zaha Hadid who also designed the Rosenthal Centre for Contemporary Art in Cincinnati and the Bergisel ski jump in Innsbruck.
The three-level museum will include 69 percent gallery space and will be Leadership in Energy and Environmental Design (LEED) certification eligible.
MSU alumnus Eli Broad and his wife, Edythe, donated $18.5 million toward the construction of the museum, giving an additional $7.5 million to commission a signature sculpture and to provide funding for acquisitions, operations and endowment for a total gift of $26 million, the largest gift ever made to the university.
The groundbreaking will be followed by 23 months of construction and a 2012 museum opening.
Source: MSU
Ivy Hughes is the managing editor of Capital Gains and can be reached here.
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