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$40M donation made to Vancouver Art Gallery as final design is unveiled

Click to play video: 'Vancouver Art Gallery get $40-million boost'
Vancouver Art Gallery get $40-million boost
WATCH: Vancouver Art Gallery get $40-million boost – Jan 23, 2019

The Vancouver Art Gallery unveiled the final design for its new building on Wednesday.

Constructed of glass, concrete, steel and wood, it will be a modern-looking structure located at Georgia Street and Cambie Street, where a parking lot now exists.

It will be transformed into a 300,000 square-foot building, featuring a 350-seat theatre and 25 permanent collection galleries.

Also announced Wednesday, was that Vancouver’s Chan family was donating $40 million toward the $350-million project.

It is the largest single private sector donation towards the museum project to date.

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WATCH: (Aired Sept. 29, 2015) New Vancouver Art Gallery is work of art…or not?

Several other wealthy Vancouverites and companies have also contributed, bringing private donations to $85 million. Fundraisers are seeking an additional $50 million from the B.C. government and $100 million from the federal government.

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Shovels are expected to be in the ground in about a year, with completion planned for 2023.

“The new Vancouver Art Gallery will unequivocally contribute in an exceptionally profound way by providing a much-needed and purposeful venue for the arts, culture, education, community and civic life,” Christian Chan, Burrard Group executive vice-president, said.

“We are honoured to participate in a project that will provide such vast public benefit, while also fitting so well within our family’s inter-generational charitable mandate.”

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