Displaying items by tag: cost

The New York Public Library’s revised renovation plan — to upgrade the Mid-Manhattan Library and create more public space in its flagship Fifth Avenue building — is expected to cost about $300 million, according to library officials who outlined new details of the project in interviews.

The anticipated budget matches what the library had originally suggested its previous plan — to insert a circulating branch at its main library at 42nd Street — might cost.

But officials, for the first time, revealed that the original plan, mostly scrapped last month in large part because of questions about the price tag, would actually have cost more than $500 million, according to independent estimates they commissioned last June.

The iconic colorful metal buttons that have served at the Metropolitan Museum of Art’s admission tickets since 1971 are no more. Due to the rising cost of the tin-plate pins, the museum will employ a new paper ticket system that will include detachable stickers, which will serve as proof of admission. The buttons will be discontinued on Monday, July 1, the same day that the Met will switch to a seven-day-a-week schedule. It was previously closed on Mondays.

The Met’s admission buttons have become a symbol of New York City culture and a popular souvenir for tourists. Their badge’s most recent iteration features an “M” appropriated from a 16^th century woodcut based on a Leonardo da Vinci (1452-1519) drawing. After the Met introduced their unique admission tokens over 40 years ago, a number of institutions followed suit and they are now commonplace in museums around the world.

In addition to bringing production costs down from 3 cents per button to 1 cent per paper ticket, the new system will also be more environmentally friendly.

On Wednesday, March 13, 2013 Norwegian officials announced that the country’s government would help fund a new museum devoted to the influential painter and printmaker Edvard Munch (1863-1944). The new institution will replace the current Munch Museum in Oslo, Norway, which was built after World War II in a notoriously rundown neighborhood. Many believe that the shoddily constructed museum does not do justice to Munch, his art or his legacy.

The city council has been discussing the creation of a new museum since 2008 but plans were stymied by disagreements over cost, location, and architecture. After years of disputes and little progress, the Norwegian state decided to step in by offering to help fund the $278 million project as well as assist with project management. State officials are asking Oslo’s city council to make a formal request for the support, which would hopefully lift the museum out of its dismal financial situation.

Upon his death in 1944, Munch bequeathed a large portion of his collection to the city of Oslo including two versions of his seminal painting The Scream. While many people hope that the government’s offer will help move the museum project along, others are not as optimistic. Carl Ivar Hagen, a member of the city council, doesn’t expect the matter to be resolved anytime soon. Hagen believes that even with the state’s assistance disputes over the new museum’s location will continue to halt progress.

The Smithsonian Institution in Washington D.C. has announced that its Renwick Gallery, which houses the museum’s American craft and decorative arts collection from the 19^th to 21^st centuries, will undergo a major renovation. The Renwick Gallery, which opened to the public in 1972, will close to accommodate the project in early 2014 and is expected to reopen in 2016.

Project details are still being worked out and an exact cost for the renovations is yet to be determined. The Smithsonian is planning to use public funds to pay for half of the project and the rest will be paid through private partnerships. The project has already received a $335,000 grant from the National Park Service’s Save America’s Treasures initiative, as the Renwick Gallery is located in a National Historic Landmark building. The building’s construction began in 1859 and went on to house the city’s first art museum, the Corcoran Gallery of Art, upon its completion.

Museum officials plan to convert all of the Renwick Gallery’s lighting to energy efficient LED lights and wireless Internet access will be provided throughout the entire gallery. Heating, plumbing, electrical, air conditioning, and fire safety systems will all be gutted and replaced. This will be the Renwick Gallery’s first renovation in 40 years.