The 153-year-old gallery faces potential cuts if it fails to convince the Minns government to boost funding of its much-expanded operations.
The Art Gallery of NSW is bracing for a looming financial crunch after the Minns government failed to provide any extra operational funding despite the institution doubling in size since the opening of its landmark new home for contemporary art.
“We’re in discussion with the government to ensure we do have budget that allows us to keep the building open seven days a week and free of charge to the public,” he said. Budget papers show the gallery has agreed to raise $40 million from its two gift shops, restaurants, private functions and box office to help its bottom line over the current financial year – four times the revenue it raised in 2022/23.
Sydney Modern was built with the support of taxpayers and private philanthropists, with some of Sydney’s wealthiest families contributing $109 million towards the project’s $344 million total cost. Graham said the NSW government would continue to support the art gallery and help it reach its full potential as its new wing was integrated. “Those discussions are ongoing,” he said.
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