Committed philanthropists have given a lifeline to the collapsed Carriageworks in a move that may lift Australia’s largest multi-arts precinct out of voluntary administration and reopen its doors to the public.
The New South Wales government announced emergency funding for the arts and culture sector on May 24 totalling $50 million (US$34 million), but it came too late. Since the government already provides a large proportion of Carriageworks’ core funding (roughly a quarter), at least some private philanthropy is required to bail out the company.
