City will donate land and money for the proposed new Guggenheim museum in lower Manhattan expected to cost $678 million and to be designed by Frank O. Gehry.
The new 40-story museum, designed by Frank O. Gehry, would be located on three piers at the foot of Wall Street. It is expected to cost $678 million. The proposed 575,000-square-foot museum would be twice as large as the one Gehry designed for the Guggenheim in Bilbao, Spain, and 10 times larger than the museum's Frank Lloyd Wright-designed headquarters on Manhattan's Upper East Side. "
Thanks to Abhijeet Chavan
FULL STORY: Report: City behind Guggenheim plan for new museum in lower Manhattan
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