Cost of The New Vancouver Art Gallery Building Rises by 50%
By Art Newspaper
1 min read • October 29, 2024
The budget for the Vancouver Art Gallery's new building has surged due to increased construction costs, raising concerns and calls for budget reassessment.
The cost of the new Vancouver Art Gallery building has surged by 50%, reaching C$600 million (around $445 million), primarily due to rising construction expenses. The gallery’s director attributes the increase to inflation, but critics argue the explanation is exaggerated. Despite delays, the gallery has raised over C$350 million and remains committed to the project. Some, like art collector Bob Rennie, suggest reconsidering the scale of the project to manage costs better, advocating for more practical solutions over extravagant designs.