Jeffrey Gundlach putting $10 million more toward Albright-Knox


BUFFALO, N.Y. (WIVB) — A billionaire with roots in western New York is putting even more money into the expansion of the Albright-Knox.

The gallery, which is temporarily closed as of November 4, is undergoing major changes before reopening in a couple years.

It’s all due to an expansion project, which includes a 29,000 square-foot addition to be connected to the existing campus on Elmwood Avenue.

Lt. Gov. Kathy Hochul was among the people who came to town on Friday for the AK360’s project’s groundbreaking.

In the past, Jeffrey Gundlach already promised millions of dollars for the project, and on the day of the groundbreaking, he announced that even more was coming; $10 million more to be precise.

This brings Gundlach’s total gift up to $62.5 million.

When the institution reopens in 2022, it will be known as the Buffalo AKG Art Museum.

In the meantime, a new project at 612 Northland Ave. will open on January 17. That will be known as Albright-Knox Northland.

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