The rebuilding of the World Trade Center took a big step forward Thursday morning. Officials unveiled the design for the Ronald O. Perelman Performing Arts Center at the World Trade Center. It was also announced that Barbra Streisand will chair the new center.
70 Vesey Street
The pieces of the new World Trade Center are finally falling into place. In March, the main concourse of the Santiago Calatrava-designed World Trade Center Transportation Hub, also known as the Oculus, opened. In June, Liberty Park opened and 3 World Trade Center topped out. Last week, the Westfield-operated mall at the Oculus, complete with an Apple Store, opened to the public. And now, it appears demolition is about to begin on the temporary PATH station, paving the way for the new Performing Arts Center to begin construction.
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.