Bill and Margot Winspear have announced a $42 million donation to help build the proposed Dallas Center for the Performing Arts, the Dallas Morning News reports.
The Winspear gift brings the total amount of donations and pledges for the new downtown arts complex to $110 million. The Dallas Center for the Performing Arts Foundation is looking to private sources to raise $210 million to $225 million of the estimated $250 million cost of the project; the city is expected to provide the balance. "To say that this will give a big boost to the campaign is an understatement," said John Dayton, a foundation board member. "This is the kind of kick that I think is going to validate this project and propel it to conclusion."
The proposed complex, to be constructed near the Morton H. Meyerson Symphony Center in downtown Dallas, includes a new 2,400-seat opera and dance theater that will be named after the Winspears; an 800-seat theater for classical and experimental theater and small dance and musical productions; and a space for small-scale theater and chamber music. The Winspears, longtime supporters of the Dallas Opera, decided to make the donation — one of the largest philanthropic contributions in the city's history — after the $436 million sale of Associated Materials, a manufacturer of residential housing materials in which the Winspear family had a large ownership stake.