The billionaire trucking magnate donates $100 million for the construction of the NGV Contemporary as part of the new $1.7 billion Melbourne Arts Precinct.
The Fox family is behind Australia's biggest private logistics company Linfox, which has more than 5,000 trucks across 10 countries in theMinister for Creative Industries Danny Pearson said the donation was an "extraordinary gift to the people of Victoria."Construction on the Southbank site is scheduled to begin within 12 months.
The new gallery forms part of the $1.7 billion redevelopment of the Southbank precinct, the Melbourne Arts Precinct Transformation, which also includes upgrades to the Arts Centre Melbourne, as well as Arts Centre Melbourne's new Centre for Creativity. The planned precinct will showcase art, design and fashion as well as national and international architecture, and will feature an 18,000 square metre public space.