NEW YORK, April 1, 2019 /PRNewswire/ -- M&T
Bank has been named the Founding Bank of The Shed,
New York's new arts center
dedicated to commissioning, developing and presenting new works
across all disciplines, for all audiences. M&T will be the
exclusive financial services sponsor. M&T has supported The
Shed since the start of the project with crucial bridge financing
that helped fund its design, planning, construction, and pre-open
operations. M&T along with its subsidiary, the wealth
management firm Wilmington Trust has become a multi-year
partner providing major ongoing support for The Shed's live
performance commissions.
"Thrilling is the word to describe seeing The Shed become a
reality, as we have been involved with the project since Day One,
when it was just a bold idea," said M&T's Regional President
for New York City Blair Ridder. "We
pride ourselves on providing a tailored approach to meeting the
financial needs of our clients, and we are delighted that we could
work hand-in-hand with The Shed to customize the financing needed
to make their vision come to life. We look forward to supporting
and experiencing the many inspiring and path-breaking new works of
art that are sure to come."
This support of The Shed is representative of M&T's
long-standing commitment to culture and the arts. The Bank is the
presenting sponsor of New Jersey Performing Arts Center Dance
Series, presenter of free First Fridays at the Albright-Knox Art
Gallery in Buffalo, sponsor of
Long Island Winterfest and a foundational supporter of many other
cultural events and institutions across its communities.
M&T is the sponsor of the following performances, all live
on The Shed's website, here.
- Soundtrack of America (April
5-14, The McCourt)
- Reich Richter Pärt (April 6-June
2, Level 2 Gallery)
- Norma Jeane Baker of
Troy (April 6-May 19, The Theater)
- Björk's Cornucopia (May 6-June
1, The McCourt)
- Dragon Spring Phoenix
Rise (June 22-July 27, The
McCourt)
- William Forsythe: A Quiet
Evening of Dance (October 11-25,
The Theater)
- Verdi's Requiem (November
19-24, The McCourt)
"Our partnership with M&T has been a thoughtful and creative
endeavor," said the Chairman of The Shed's Board of Directors
Daniel L. Doctoroff. "They have been
a nimble lender since we began our project in 2014 in their role as
construction underwriter, and the continued support of M&T and
its wealth management division, Wilmington Trust, has been a huge
asset as we publicly debut this groundbreaking cultural
institution."
M&T has long been one of the New
York City area's leading commercial real estate lenders. As
of December 31, 2018, M&T had
New York City area commercial real
estate loans of more than $8.7
billion. Recent commercial projects M&T provided
financing for include the mixed-use redevelopment of the Domino
Sugar Factory in Williamsburg by Two Trees Management, Extell
Development Company's Brooklyn Point residential tower at City
Point and Steiner NYC's development of Admirals Row in the Brooklyn
Navy Yard.
Through Wilmington Trust, the bank is also a leading provider of
wealth planning, investment management, trust and estate services
for private and institutional clients. The Delaware-based Wilmington Trust serves clients
globally and in all 50 states.
"Supporting The Shed is important to us and to our clients. The
arts are a driving force for us and for many of those who trust us
in managing their wealth and structuring their charitable support
for these great institutions. Artistic sponsorships are a great way
for us to give back to our communities and the clients we serve,"
said Wilmington Trust Executive Vice President and Head of Wealth
and Institutional Services, Doris
Meister.
The Shed, which has been called "one of the most significant
additions to New York City's
cultural landscape in decades" (New York
Times), is a 200,000-square-foot arts center located on the
West Side of Manhattan near the
High Line. Opening on April 5, 2019,
the $550 million project is housed in
a newly built flexible building designed by Diller Scofidio + Renfro, Lead Architect, and
Rockwell Group, Collaborating Architect. The Shed can be customized
to present art across all disciplines and "aims to commission
innovative works by risk-taking artists of all genres, striving to
be a new model for how culture is created and consumed in the 21st
century" (Wall Street Journal).
Images and renderings of The Shed are
here. Credit: Diller
Scofidio + Renfro, Lead Architect, and Rockwell Group,
Collaborating Architect.
About M&T
M&T Bank Corporation (NYSE:
MTB)("M&T") is a financial holding company headquartered
in Buffalo, New York. M&T's principal banking
subsidiary, M&T Bank, operates banking offices in New
York, Maryland, New
Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West
Virginia and the District of Columbia. Trust-related
services are provided by M&T's Wilmington Trust-affiliated
companies and by M&T Bank.
About Wilmington Trust
Wilmington Trust's Wealth
Advisory offers a wide array of personal trust, financial
planning, fiduciary, asset management, private banking and family
office services designed to help high-net-worth individuals and
families grow, preserve, and transfer wealth. Wilmington Trust
focuses on serving families with whom it can build long-term
relationships, many of which span multiple generations.
Wilmington Trust also provides Corporate and Institutional
Services for clients around the world.
Wilmington Trust has clients in all 50 states and numerous
countries, with offices throughout the
United States and internationally in London, Dublin, Paris, and Frankfurt. For more information, visit
www.WilmingtonTrust.com.
About The Shed
Opening April
5, 2019, where the High Line meets Hudson Yards on
Manhattan's west side, The Shed
commissions original works of art, across all disciplines, for all
audiences. From hip hop to classical music, painting and sculpture
to literature, film to theater and dance, The Shed will bring
together leading and emerging artists and thinkers from all
disciplines under one roof. The building—a remarkable movable
structure designed by Diller
Scofidio + Renfro, Lead Architect, and Rockwell Group,
Collaborating Architect—physically transforms to support artists'
most ambitious ideas. Committed to nurturing artistic invention and
bringing creative experiences to the broadest possible audiences,
The Shed, led by Artistic Director and CEO Alex Poots, is a 21st-century space of and for
New York City.
CONTACT:
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Chet
Bridger
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Barbara
Wagner
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M&T Bank
Corporate Communications
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Rubenstein
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716-842-5182
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(212)
843-8035
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cbridger@mtb.com
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bwagner@rubenstein.com
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|
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Maya
Dillon
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Connor
Osetek
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Wilmington
Trust
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Rubenstein
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646-735-1958
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(212) 843-
8306
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mdillon@wilmingtontrust.com
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cosetek@rubenstein.com
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© 2019 M&T Bank. Member
FDIC
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SOURCE M&T Bank Corporation