How Much Did the Kimbell Art Museum Cost?

Art|Art Museum

The Kimbell Art Museum is one of the top art museums in the world, and it has been open since 1972. Located in Fort Worth, Texas, it was designed by renowned modernist architect Louis I. Kahn and its permanent collection is among the finest worldwide. The Kimbell also offers temporary exhibitions, educational programs, and a variety of public events.

In order to build the museum, an enormous sum of money was needed. In 1966, Kay Kimbell donated $2 million to the Texas Fine Arts Association (TFAA), which was then used to purchase the land for the museum and its surrounding grounds. The TFAA also received a $1 million endowment from Mr. and Mrs. John D. Rockefeller III to help finance construction costs.

The total cost for building the Kimbell Art Museum ended up being around $12 million dollars in 1972 dollars, which is equivalent to approximately $74 million dollars today (adjusted for inflation). The money was used for everything from land purchase to construction materials to labor costs.

The total cost of constructing this beautiful museum has been well worth it; over four decades later, more than one million people visit every year. From its iconic architecture to its world-renowned collection of artworks, the Kimbell Art Museum is considered one of the best art museums in the world.

Conclusion:

The Kimbell Art Museum cost a total of around $12 million dollars in 1972 dollars when it was first built. Adjusted for inflation today this amount is equivalent to about $74 million dollars – a significant investment that has paid off handsomely since then with over one million visitors each year.