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In March 2008, the New York Public Library announced a $100 million gift from private equity billionaire Stephen Schwarzman and a sweeping plan to radically remake its landmark main building on 42nd Street. Six months later, Lehman Brothers collapsed; the plan, to no one’s surprise, was put on hold. Now, the administration has announced that the renovation, its budget increased from $250 to $350 million, is back on track. The proposed designs developed by British architect Norman Foster have not yet been made public, but the basic scheme remains the same: to tear out the steel stacks that occupy almost half of the main building—and that literally hold up the famed Rose Reading Room on the top floor—and replace them with a new circulating library. ... Continue reading →