'The Shed' Receives $27.5 Million From Jonathan and Lizzie Tisch

'The Shed' Receives $27.5 Million From Jonathan and Lizzie Tisch

The Shed, a new nonprofit cultural center located in the mixed-use Hudson Yards area on Manhattan's Far West Side, has announced a $27.5 million gift from Jonathan M. and Lizzie Tisch. 

The gift from the center's board vice chair and his wife will help fund construction of the building — which is nearly complete — and includes a $10 million challenge grant for a newly created Commissioning Fund. In recognition of the gift, a 9,500-square-foot skylit event and artist rehearsal space on the building's top floor will be named the Lizzie and Jonathan Tisch Skylights, while a lab for artistic development and experimentation, also on the top floor, will be named Tisch Lab.

To date, The Shed has raised $488 million toward its capital campaign goal of $550 million.

"Lizzie and I are proud to support the construction of this exceptional building, while also providing [artistic director and CEO Alex Poots] and his outstanding team the resources necessary to commission artists from around the world to create the most ambitious and risk-taking work possible," said Jonathan Tisch. "He has put together a spectacular program, and our intention is to challenge others to join us to support an effort that is not only worthwhile but tremendously exciting and important for New York City and beyond." 

The Shed also announced four new commissions for its inaugural season — which is set to open April 5  — and announced that "in recognition of the transformative vision and leadership of Michael R. Bloomberg," its building will be named the Bloomberg Building.  

"Nearly fifteen years ago, Mayor Mike Bloomberg had the vision to embark on a complete transformation of Manhattan's west side, and he had the foresight to know the Hudson Yards area needed a cultural anchor to ensure a vibrant and accessible future," said Shed board chair Daniel L. Doctoroff. "The Shed is key to that vision, opening this April with an inaugural season that celebrates and showcases local and international creativity across all disciplines."