$150 million to Yale for new performing arts center

Posted on: May 12, 2015

In Monday’s (5/11) New York Times, Robin Pogrebin reports that Wall Street financier Stephen A. Schwarzman has donated $150 million to remake the Commons building at Yale University: “With a gift of $150 million, one of the largest ever made to a cultural center, Mr. Schwarzman plans to transform Commons and its attached buildings into a performing arts center and hub along the lines of the Kennedy Center in Washington—on whose board he served for six years. The plan, announced on Monday, will be drawn up in part by Michael M. Kaiser, the former Kennedy Center president. It will incorporate existing performance spaces, namely Woolsey Hall, the 2,650-seat auditorium built alongside Commons and Memorial Hall.… But the complex, to be called the Schwarzman Center, will also have new halls for theater, music, lectures and readings … and new programming featuring major performing artists and groups whose events will be open to the public. With the transformation, Yale would be among the best equipped universities in the Northeast for arts programming while the expansion would help New Haven, a struggling city where the university is a major employer as well as tourist draw.”

Posted May 12, 2015