Finland has given the thumbs down to plans for a brand new Guggenheim museum in its capital city.
Helsinki city council rejected a plan to build the museum, announcing the project used to be too pricey.
Finland continues to be being affected by the aftermath of the global financial crisis. Left-wing politicians stated the cost to taxpayers used to be too high at a time of austerity.
The Nordic us of a was once in recession for 3 straight years between 2012 and 2014, and has barely grown on account that. Finnish GDP will grow by using not up to 1% this year, in step with the international monetary Fund.
the price to build the Guggenheim artwork museum used to be estimated at 130 million euros ($ 138 million), with the town expected to pay eighty million euros ($ eighty five million) from its personal budget. running the museum as soon as open would have value the city around 6.5 million euros ($ 6.9 million) per 12 months, the council stated.
The Finnish executive mentioned in September that it might no longer fund the museum, leaving it as much as the city to select up the invoice. but the city council voted 53-32 towards the proposal late on Wednesday.
Richard Armstrong, the Solomon R. Guggenheim basis director, stated he was disillusioned with the decision. the brand new York based Guggenheim has two sister museums out of the country, in Bilbao and Venice, and a 3rd is deliberate for Abu Dhabi.
the foundation first pitched the theory of a museum in Helsinki in 2011, however the thought was once voted down through the local govt. the inspiration then came up with a new financing plan and held a design competition ultimate year.
The profitable design — a group of linked pavilions with wavy roofs — was submitted through French architect company Moreau Kusunoki Architectes.
CNNMoney (London) First published December 1, 2016: 6:fifty seven AM ET
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