[Dixielandjazz] Money For The Arts - Redeveloping Lincoln Center.

[Steve barbone]

Yes indeedy, we often complain about the lack of funding for the arts.
Here's how the folks in NYC do it. California, take note. They are raising a
mere $1.5 BILLION, a 1999 estimate of the cost, which is sure to rise, to
redevelop Lincoln Center. :-) VBG.

Much from private donation. Hey with all that money around, why is the rest
of the USA struggling for Arts funding? e.g. Perhaps the nouveau rich
actors/directors/media moguls in Hollywood are really selfish bastards? Ah
the "me" generation. :-) VBG.

Cheers,
Steve Barbone

Lincoln Center. . . Names Leaders for New Project.

NY TIMES - ROBIN POGREBIN - January 18, 2006

Katherine G. Farley, a senior managing director at the Tishman Speyer real
estate corporation, has been selected as chairwoman of Lincoln Center's
redevelopment, the center plans to announce today. The post had been vacant
since 2003, leaving Rebecca Robertson, the redevelopment's executive
director, in charge of day-to-day planning of the project, which will break
ground in April. . .(snip to below)
 
Until recently, Ms. Farley served on the boards of Lincoln Center Theater
and the New York Philharmonic. As head of the orchestra's real estate
committee, she led the effort to renovate Avery Fisher Hall.

The city has meanwhile issued a series of tax-exempt municipal bonds
totaling $150 million to help finance the $500 million transformation of
65th Street, the first phase of Lincoln Center's overhaul. The bond issue
enables Lincoln Center to pay for construction costs now rather than wait
for donations, which typically come in over three to seven years. It is the
first time Lincoln Center has relied on such a bond issue.

"This gives us access to the money to go on our own timetable," Frank A.
Bennack Jr., Lincoln Center's chairman, said yesterday, adding, "It feels
very good to see it move to this reality phase."

Mr. Bennack said that about two-thirds of the $500 million had been raised
so far - he would not specify an amount - and that he expected to complete
the private fund-raising this spring. To be sure, the redevelopment project
- announced in 1999 with an initial cost estimate of $1.5 billion - has been
through its ups and downs. . . . (end snip)