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Tom Golisano taking back pledge for upstate NY arts center


Added 11-08-18 01:03:02am EST - “Billionaire Tom Golisano says he's taking back a $25 million pledge he made over a year ago for a proposed performing arts center in downtown Rochester.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Tom Golisano taking back pledge for upstate NY arts center”. Below is an excerpt from the article.

ROCHESTER, N.Y. (AP) - Billionaire Tom Golisano says he’s taking back a $25 million pledge he made over a year ago for a proposed performing arts center in downtown Rochester.

Golisano says in a news release Wednesday the project isn’t any “closer to becoming a reality” and has changed in a way that doesn’t fit his philanthropic priorities.

The decision comes in the wake of a revision in plans calling for the project to expand and move to the Genesee riverfront. The original cost was pegged at around $75 million and now is estimated at close to $250 million.

That’s too big for Golisano, who says the project also hasn’t attracted the financial support it needs from the community.

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