Public Theater launches $35 million renovation

By March 11, 2010 No Comments

Former Bear Sterns president Warren Spector, along with actors Liev Schreiber and Sam Waterston, took part in a symbolic groundbreaking at New York’s legendary Public Theater to announce the launch of a tw0-year, $35 million expansion and modernization of their famed home theatre, the former Astor Library.  The Public has raised about $28 million for the project and is working to raise the other $7 million.

The Public Theater was founded by Joseph Papp as the New York Shakespeare Festival in 1954.  Currently the Public produces the free annual Shakespeare in Central Park series, as well as new plays and musicals at its five performing spaces.

The renovation will include the installation of a 7-foot aluminum sculpture called the Shakespeare Machine by artist Ben Rubin.  The sculpture will hang from the lobby ceiling and feature an ever-changing display of Shakespearean quotations.

For more information, read the full Bloomberg article here.

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