Art Investment

Tate Modern until have to make room in the old halls

Because of the lack of large-scale project to increase the exhibition space the gallery at 70%will probably not be realized before 2016

ambitious plans of the British Museum of Contemporary Art Tate Modern to expand its exhibition space by 70 percent does not seem to come true so soon, as the administration wanted to cultural institutions. Work on a new project to be delayed due to lack of funding, emerged against the background of overall economic instability in Europe. Nevertheless, its first phase - the conversion of two unused oil tanks in the space for performances and installations - should be completed according to plan, ie the summer of 2012 to new facilities could open during the London Festival of 2012, the cycle of cultural events that will take place simultaneously with the Olympic Games.

project of interior" East store »Tate Modern
Source: artinfo.com
project of interior" of the South Store »Tate Modern
Source: artinfo.com

Two underground storage tanks with a diameter of 30 meters and 7 meters long been used for its intended purpose and is a source of fuel for power plants in the building which in 2000 the museum opened Tate Modern. As conceived by the museum's administration, "Eastern store" after the conversion will be a platform for installation, and "Southern vault" - a cinema, a venue for performances, demonstrations of works of sound art and roundtables.

Tate Modern director Chris Derkon (ChrisDercon) finds former warehouse "stunning amorphous spaces that should be very carefully converted to museum use without losing the unique features of their industrial architectural style».

second phase of the project - construction of new stores over a ten-exhibition complex, most likely, will not be launched until 2016 - so much time, most likely, you will need to attract the necessary investment for the construction of the building. The new ten-story building developed by the Swiss architects of the museum, Jacques Herzog and Pierre de Meuron, who previously successfully converted power station Benksayd the sanctuary of modern art, now known worldwide as TateModern.

Building Tate Modern in London (the former power station Benksayd)
Source: artinfo.com
New Building Project Tate Modern, designed by Swiss architectural firm Herzog & de Meuron
Source: artinfo.com

The whole project will cost 215 million pounds Tatev ($ 340 million). 70 percent of this amount has already been raised through the participation of private donators, whose names have not been disclosed. However, for the full implementation of large-scale reforms have to find another 64 million pounds ($ 100 million).

money on servicing and maintenance of the new building will be divided between the state and private investors. "We need the public money we need and private money, but we believe that it's worth it - told BBCNikolas Serota, director of the Tate. - The Government, as always, we listen carefully, but we do not expect too much for him."

In an interview with the board of trustees Guardianpredsedatel TateDzhon Browne (John Browne) reported that the fundraising campaign to build a new museum building was the "largest known action to collect private funds for cultural projects," and added that TateModern - «bulwark that protects the [United Kingdom] from all the ugly and uninventive».

The annual report Tate, published yesterday, said that the annual attendance of four members of the complex Tategalerey amounted to 7.4 million people, making it the British Museum the most visited in the world after the Louvre.

Prepared by Mary Estrova, AI

Source : artinvestment.ru


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