Estimated at a total cost of 140 million euros, the museum would be expected to draw about half a million visitors a year.
The City of Helsinki and the City Council are to make a decision on construction within the next few weeks. The project will also need approval by the board of the Guggenheim Foundation. Helsinki anticipates funding the project through a combination of public, private, and corporate sources.
The total area of the museum would be approximately 12,000 square meters, with 3,920 square meters devoted to exhibition galleries, making it similar in size to Helsinki's contemporary art museum Kiasma.
Architecture and design in focus
According to the study, the new institution would help contextualize Finnish art, design, and architecture within the broader tradition of modern art while presenting Finnish audiences with artworks from around the world. A Guggenheim Helsinki would have a stronger focus on architecture and design than other Guggenheim affiliates.
“By giving artists, designers and architects access to major international networks, and by promoting new types of conversations of the arts, a Guggenheim Museum in Helsinki would offer global exposure and unprecedented opportunities to practitioners in the field of visual culture in Finland as well as in the Baltic and Nordic regions in general," Helsinki’s Deputy Mayor Tuula Haatainen said in a statement to the press.
Latest in: News
Finland criticised again in Amnesty report
The human rights organisation’s annual report is highly critical of Finland’s treatment of asylum seekers. Finland was condemned for deporting asylum seekers without in-country appeals, and the practice of incarcerating children seeking refugee status in police facilities.
FFE: One in four businesses made a loss in 2012
A quarter of all Finnish firms lost money last year, according to the in-house magazine published by the Federation of Finnish Enterprises (FFE).
Baby boomers' alcohol "timebomb" set to hit Finland
Experts fear that retiring baby boomers may over indulge to such an extent that Finland could soon be forced to deal with a large cohort with unusually high levels of alcohol dependence. Incorporating messages about alcohol into basic healthcare will be key to fighting the problem.
Finnish income gap lower than European average
Income differences in Finland are below the average in Europe, according to Statistics Finland. The gap between richest and poorest is largest in Latvia and Bulgaria and smallest in Norway and Iceland.
Two tumble from Töölö balcony
One man died and another was seriously injured on Wednesday morning when they fell from a fifth-floor balcony in the Töölö district of Helsinki.
Evira: Don’t use datura-laced SOK veggies
The Finnish Food Safety Authority Evira has warned consumers not to use a frozen vegetable product sold by the SOK group that was found to be laced with seeds from the highly toxic datura plant.
Itella chops 180 management jobs
The state mail delivery and logistics company launched retrenchment talks in mid-April with the aim of cutting 350 jobs.
Researcher: Bullying should be nipped in the bud
Research shows that small children don’t have an inherent tendency to bully their peers, but learn the practice from others.
"Tästä tulee iso lasku Suomelle" – aikapommi tikittää
Asiantuntijat pelkäävät, että suuret ikäluokat alkavat käyttää alkoholia suuria määriä eläkkeellä. Ehkäisemisen avainasemassa on perusterveydenhuolto.
Met man: Monster tornado also possible in Finland
A meteorologist and storm chaser says that the kind of tornado that recently killed dozens of people in Oklahoma in the USA, is also possible in Finland. Finland suffered extensive destruction in a series of massive twisters that struck in 1932.