The skyrocketing costs, which the gallery said are being felt by builders across Canada, could also result in a delayed or scaled-down project.
RELATED: A new visual arts centre for the Vancouver Art Gallery is one step closer to becoming a reality after getting a nearly $30M funding boost from the federal government. As John Hua explains, the design of the building has cultural significance – Jun 27, 2022revealed Thursday that the cost estimate to build its new downtown building has surged by 50 per cent, from $400 million to $600 million.
“The Gallery will be taking necessary steps for the next phase of the project that are pragmatic, creative and will ensure prudent financial management,” the non-profit said in a media release.Cirque du Soleil aerialist hospitalized after fall in front of live audience “This will include a revised capital project timeline in order to address rising costs through changes to the building design, while simultaneously looking for opportunities to create a multi-faceted cultural hub for the Province of British Columbia and Canada.”Construction at the new site, at the intersection of West Georgia and Cambie streets, had already begun but the gallery said it will slow down amid “ongoing design work” and renewed fundraising efforts.
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