World Trade Center Performing Arts Center Gets $75 Million Donation, Renaming

Performing Arts CenterPerforming Arts Center (located is between 1WTC and 2WTC). Via DBOX.

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.

Subscribe to the YIMBY newsletter for weekly uxpdates on New York’s top projects

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews

TFC Horizon

8 Comments on "World Trade Center Performing Arts Center Gets $75 Million Donation, Renaming"

  1. Back to alive and power with large size towers, showing landmark in Lower Manhattan forever.

  2. The foster design is stunning compared to all the towers there , the big design is beyond an eye sore ! Come on NYC !!!

  3. steve bournias | July 2, 2016 at 11:26 am |

    Any hope of a decent concert quality pipe organ in this new place?

  4. Charles G. Wolf | July 3, 2016 at 7:47 pm |

    Bravo, Ronald Perelman! Music and the arts is so needed in lower Manhattan. The arts are so necessary for lower Manhattan, and to place them on the site of the worst tragedy that has occurred on this nation’s soil is befitting.

    I’m sure that my late wife, who was killed on the 97th floor of Tower 1 on 9/11, would be very pleased. She was an extraordinary musician — a piano accompanist with a degree from the Royal College of Music in London. Music and the other performing arts keep us human and provide a counter-balance to the world of finance.

    Again, thank you Ronald Perelman! You have used your wealth to provide a wonderful gift to the people of New York City, and in particular, lower Manhattan.

  5. Why not build another freedom tower? It would be more symbolic and look way nicer. It would be a modernized version of what was there before. It would fill in the gap and make the skyline what it used to be.

  6. mark esposito | August 3, 2016 at 7:15 pm |

    YES Finally a recent article that hits this issue. Perfectly written and I agree 100%. What was once a great design, now come down to BIG’s design. Build that somewhere and stick with Fosters incredible design that suits the area in style, looks, and historical design. Thank you for this article and hope to see FOSTERS DESIGN rise.

Comments are closed.