Construction Costs of the Vancouver Art Gallery's New Building increased by 50 %

Overall project costs have increased from $400 million to $600 million in the past two years, even as incredible progress has been made on fundraising goals. As a result, the Gallery will be taking necessary steps for the next phase of the project that are pragmatic, creative and will ensure prudent financial management. This will include a revised capital project timeline in order to address rising costs through changes to the building design, while simultaneously looking for opportunities to create a multi-faceted cultural hub for the Province of British Columbia and Canada. While ongoing design work means decreased construction activity at the site, the Gallery will continue to work on the project and raise funds for the completion, fit-out and ongoing operations of the new building.

To date, the Gallery has raised more than $350 million and completed the first stage of pre-construction work at the new site. The Gallery and its Association Board of Trustees remain committed to building a dynamic cultural hub to serve the diverse needs of the community and future generations. As planning continues for this next phase, further updates will be provided as new information becomes available.

Main Image: COURTESY HERZOG & DE MEURON