Bloomberg Budgets $750M for the Arts
(Crain’s) — New York City’s cultural capital budget for the next four years will be $750 million, said the city’s Culture Commissioner Kate Levin. Speaking at a Municipal Arts Society conference on Friday, Ms. Levin said the money will go to 320 projects at 190 different organizations. The projects will range from installing air conditioning units to building a new wing of a museum. The budget is down slightly from the previous one—the four-year cultural capital budget of 2006 was a record $803 million. But it listed only 170 projects. More groups will share the wealth this time around.