The Guggenheim museum designed by Frank Gehry was built in 1997 in Bilbao, Spain. The basque region of Spain had a high unemployment of 25%, was economically weak since the heavy industry used to be situated there was gone.
In an effort to revitalize the regional government spent $100 million to built the museum. Additionally a $50 million aquisition fund was created and the museum received a yearly subsidy.
The economic impact was great though: one million visitors a year spend around $250 million and generate tons of jobs …
Eduardo Chillida said the following about this building:
“The Guggenheim Museum Bilbao looks like a great adventure.”
… and not just because of the huge spider in front waiting to attack and devour humans.
(the statue Maman is an artwork by Louise Bourgeois)
(recommended to click on the thumbnail to see the large version)