Good News from Wed, 11 January, 2012:

Study favours Guggenheim in Helsinki

The Kanava Terminal Building occupies the proposed site of the new museum The Kanava Terminal Building occupies the proposed site of the new museum

A new Guggenheim Museum in Helsinki would make a distinct contribution to Finland’s cultural landscape, according to a study commissioned by the City of Helsinki and undertaken by the Solomon R. Guggenheim Museum.

The report proposes that a museum would be built on a city-owned site along the south harbour waterfront. 

It recommends that a Guggenheim Helsinki be largely a non-collecting institution with a strong focus on architecture and design.

The total area of the museum would be about 12,000 square meters with almost 4,000 square meters devoted to exhibition galleries. 

Estimated to cost 140 million euros, the museum would be expected to draw about half a million visitors a year.

A new museum would be likely to increase cultural tourism and so would have the potential to increase overall attendance at other Helsinki arts institutions, the study finds.

Helsinki now has an incredible possibility that we should embrace,” stated Jussi Pajunen, the Mayor of Helsinki.

The study’s calculations clearly state that investment in the proposed Guggenheim would also be worthwhile economically. The long-term effects will benefit both the City of Helsinki and Finland as a whole.

The City of Helsinki and the City Council are to make a decision on construction within the next few weeks. The project will also need approval by the board of the Guggenheim Foundation.

Helsinki anticipates funding the project through a combination of public, private, and corporate sources.