Speed Art Museum Gets $18 Million for Expansion
The Speed Art Museum in Louisville could complete its expansion and renovation five to 10 years early thanks to an $18 million donation.
The Courier-Journal reports work already has begun the project that will double the exhibition space and dramatically change the look of Kentucky's largest museum.
The new donation comes from the family of Brown-Forman Chairman Owsley Brown II. Before Brown's death in 2011, he served as chairman of the museum's building committee and honorary chairman of the capital campaign, which was raising money for the expansion.
Museum board president Allan Latts said the donation will allow the museum to shave $20 million off the project's original $79 million budget because of the lower cost of materials and labor.