All the money needed to fund the building of New Plymouth's Len Lye Centre has now been found.
The New Zealand Lottery Grants Board today confirmed a $2.695 million grant towards the project.
It means the $10m budget for constructing the centre plus $1.5m for fit-out of both the centre and its cinema will not cost ratepayers a dime.
The grant also means the council will not have to call upon a TSB Community Trust underwrite pledged in 2012 to cover construction and fit-out costs not funded from other external sources.
A further $5.428m will be used from the New Plymouth District Council's depreciation fund for earthquake strengthening, deferred renewal work and Building Code requirements at the neighbouring Govett-Brewster Art Gallery.
Mayor Andrew Judd was delighted with the news.
Mr Judd said it was a great effort from all parties involved including council staff, the Len Lye Centre Trust and the Len Lye Foundation.
"We must also recognise the generous contributions of our funders - central government, Todd Energy, the TSB Community Trust and private donors. Without their support and belief, this project would never have been possible."
Chief Executive Barbara McKerrow said council was still committed to finding alternative sources of revenue and maximising efficiency at the combined Govett-Brewster Art Gallery and Len Lye Centre.
- Taranaki Daily News
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