Billionaire Ronald Perelman has pledged to donate $75 million to resurrect plans for the World Trade Center‘s Performing Arts Center, to be located at 70 Vesey Street in the Financial District. That’s the patch of land bound by Vesey, Greenwich, and Fulton streets, once home of the WTC’s temporary PATH station. The three-to four-story, 80,000-square-foot complex, now dubbed the Ronald O. Perelman Performing Arts Center at the World Trade Center, will eventually boast three theaters. They will each seat 499, 299, and 100 people, but will have the ability to be reconfigured into a single 1,200-seat theater, according to the New York Times. Brooklyn-based REX Associates is responsible for the design. Perelman’s donation will be combined with $100 million already awarded by the Lower Manhattan Development Corporation (LMDC). The project is reportedly expected to cost $240 million in total, although the the LMDC said last year it will cost no more than $200 million. Groundbreaking is set for 2018.
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