The City of Helsinki and the Guggenheim Museum have been in talks for the past year about possibly creating a Guggenheim museum in the Finnish capitol. While no decisions to endorse the project have been made yet, the idea of a Guggenheim Helsinki has been under study for the past year.
The findings of the study released earlier this week indicate the museum will be built on city-owned land along the South Harbour waterfront, where the Kanava Terminal Building currently stands. The total area of the museum would be approximately 12,000m (129,000 sq ft), with 3,920m (42,000 sq ft) devoted to exhibition galleries. The estimated construction cost for the building and its design would be approximately €140m.
In a press release announcing the conclusion of the study, the Guggenheim said: “The new museum would give the city a signature space that symbolizes Helsinki’s aspirations to be a cultural capital. Further, it would powerfully contribute to the Finnish arts community by acting as an artistic centre that convenes and collaborates with Helsinki’s other institutions”.
The next step is for the City Board and the City Council to review the recommendations in a public process that will extend at least into February of 2012. The City of Helsinki will then decide whether to move to the next phase of the project. At that time the Guggenheim Foundation Board of Trustees in consultation with representatives of Guggenheim Museum Bilbao, will also formally decide whether to endorse moving ahead.