Last Month The Finnish Government Refused Funding For Guggenheim Helsinki. So This Is The New Plan…

“Of its $144 million building costs, the City of Helsinki’s investment would cover a maximum of $89 million. The remaining $55 million would be paid by private investments and a loan, the costs of which would be covered by the Guggenheim Helsinki Supporting Foundation. The licensing fee payable to the Guggenheim Foundation has been reduced by $10 million to $20 million and would be entirely financed by private donations, which have been secured.”