Plan for WTC arts center shrinks as it's dealt another blow

AP News
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Posted: Jul 24, 2015 7:17 AM

NEW YORK (AP) — A performing arts center planned for the World Trade Center has been dealt another setback.

The New York Times reports (http://nyti.ms/1VErU1g ) the corporation in charge of downtown redevelopment said Thursday the project should come in at no more than $200 million. That's about half the original cost.

The Lower Manhattan Development Corporation says the $99 million in federal funds committed to the project are contingent on the center's leaders producing an affordable design with a plan for raising money.

It's another setback for a project conceived more than a decade ago and that has been curtailed over the years.

The center's president, Maggie Boepple, says they can do a great building for $200 million.

The center hired acclaimed British theater director David Lan as a temporary artistic director last year.

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Information from: The New York Times, http://www.nytimes.com