Friday, May 15, 2015

Stephen A. Schwarzman gives $150 million for Yale cultural hub

THE NEW YORK TIMES
By Robin Pogrebin

CONNECTICUT---The Wall Street financier Stephen A. Schwarzman has fond memories of Commons, the 114-year-old limestone building at Yale where he first took meals as a shy freshman from a public school in suburban Philadelphia. Now 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. It will incorporate existing performance spaces, namely Woolsey Hall, the 2,650-seat auditorium built alongside Commons and Memorial Hall as part of a complex designed by Carrère and Hastings to celebrate Yale’s bicentennial in 1901. [link]