Wanted £64 million
September 12 2011
Picture: BBC
If you were building a house, wouldn't you make sure you had enough money to finish it, before you started? Building for the new extension at Tate Modern (above) is to be put on hold, because only 70% of the £215m necessary has been raised. From the BBC:
"We will raise this money," said Lord Browne, Chairman of the Tate Trustees.
He said that that work on the 11-storey structure was continuing "in bits and pieces... to make sure that we are sufficiently prudent".
"If we do not raise another penny, we can stop and wait," Lord Browne explained.
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