Contemporary art museum design to be completed despite ABLV crash

Take note – story published 5 years ago

Despite the implosion of ABLV Bank -- which spelled a funding freeze in the foundation that would have paid for the construction of Latvia's €30m Museum of Contemporary Art -- patrons will provide funding of more than €1m to finish the design up to the construction phase.

That's what the Latvian Museum of Contemporary Art Foundation told the press June 1. 

In particular, patrons Boris and Inara Teterev, as well as ABLV owners Ernests Bernis and Oļegs Fiļs have decided to add about €1m to the €3.5m already invested in the project.

As reported, the museum design project was awarded to Adjaye Associates (UK)

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