Plans to build an outpost of the Pompidou Center in the heart of Jersey City were put on hold after the State Legislature voted last week to rescind $24 million in funding for the Paris museum’s project.
Another $34 million in state and federal assistance for what would have been the Pompidou’s first satellite location in North America was also put in jeopardy by the vote.
Tim Sullivan, chief executive of the New Jersey Economic Development Authority, addressed a letter to museum officials saying that the project was called off.
“Due to the ongoing impact of Covid and multiple global conflicts on the supply chain, rising costs, an irreconcilable operating gap and the corresponding financial burdens it will create for New Jersey’s taxpayers, the Legislature has rescinded financial support,” Mr. Sullivan wrote, “leaving us to determine that this project is unfortunately no longer feasible.”
Persons:
Tim Sullivan, ” Mr, Sullivan, “
Organizations:
Pompidou Center, State, Paris, New, New Jersey Economic Development Authority
Locations:
Jersey, North America, New Jersey