Met Raises Big Bucks - Metropolitan Museum surpasses fund goals for expansion - Brief Article

The Metropolitan Museum not long ago announced that it has surpassed the $400-million fund-raising goal it plant in 1994. The Met now try to finds a further $250 million for renovations and endowments, raising its funding goal to $650 million. Compos primarily of private donations from across the geographical division along with a $30-million gage from the City of fresh York, current funding will be used for renovations and fresh construction projects. The museum plans include refurbishing the Great Hall, major gallery reinstallations, and expansion and renovation schemes for the library and auditorium. A portion of the coin will be set aside for acquisitions. The Met agenda also includes plans for a major restoration of the Cloisters and long-term throws to beef up the Met's Web site (www.metmuseum.org). Expansion plans for the Fifth Avenue building are also in the works. Met director Philippe de Montebello told the pres that a certain quantity of 100,000 square feet of "found space" in the existing Fifth Avenue building, like as air shafts and stairwells, will be changeed to exhibition areas. He dismissed the possibility of an off-site Met expansion, stating, perhaps in respect to the Guggenheim's recent satellite throws that the Met had no interest in becoming an "imperial power."

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