Fund of $100 Million Set for Ground Zero Arts Center

The Performing Arts Center planned for the World Trade Center site will be supported by a $100 million fund drawn from federal money, according to an announcement by New York Mayor Michael R. Bloomberg, Governor David A. Paterson and New York State Assembly Speaker Sheldon Silver.

“Our collective desire to put $100 million towards the development of the Performing Arts Center at the World Trade Center site makes clear that the cultural venue is a critical part of the ongoing revitalization of Lower Manhattan,” Mayor Bloomberg said in an e-mailed statement.

Architect Frank Gehry’s firm will design the center. The Joyce Theater, primarily a venue for modern dance, will be its main resident. The space will contain a 1,000-seat theater, a secondary theater, rehearsal spaces, classrooms, a public cafe, outdoor plazas and administrative space.

Although the foundation of the building has already been started, principal construction won’t begin for several years. The building is expected to take three years to complete.

The money for the center is part of the post-9/11 federal allocation for Manhattan infrastructure. The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

To contact the reporter of this story: Katya Kazakina in New York at kkazakina@bloomberg.net.

To contact the editor responsible for the story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.

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