Tate director Nicholas Serota today revealed that half of the £215 million needed to build the new extension to Tate Modern has been raised, though he declined to say whether the building would be complete by 2012. Despite losing UBS, a major sponsor of the gallery's permanent collection forced to pull out due to financial concerns, Tate has been able to call upon the fiscal munificence of other, as yet unnamed, organisations. The extension is designed by Herzog & de Meuron, the firm responsible for turning Giles Gilbert Scott's Bankside power station into one of Britain's most popular galleries, and takes the form of a glass-and-brick ziggurat; here are some computer-rendered designs, while you can visit the development site during Open House next weekend.
Tate Extension Fundraising Reaches Halfway Stage
Last Updated 09 September 2010