CHICAGO-The Art Institute of Chicago’s Board of Directors recently announced that they have approved plans to build a new wing of the museum, through to the completion of final construction drawings, a phase of the project that will take about a year. The envisioned size of the new structure, however, has been reduced to about 220,000 sf, down for the original 290,000 sf proposed in 2001. About 60,000 sf of the revised plan calls for gallery space, down from 75,000 sf in the original conception.

The board also capped the total cost for construction at $198 million, and also has set a goal of $87 million to endow the wing after it is built. Of this $285 million total, an estimated $100 million has already been raised.

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