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The Guggenheim Museum announced plans for new museum in Rio de Janeiro yesterday. Although the Guggenheim’s plans for a new Frank Gehry building in New York are on hold due to the glum American economy, the new project will proceed with financing from the city of Rio de Janeiro. Rio is betting $130 million that the new Guggenheim will bring some sparkle to the city’s tattered waterfront district.

- Meredith Tromble [Thursday, May 1st, 2003]

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