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Artist pays $1 for an abandoned building. Turns it into something incredible.

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Artist pays $1 for an abandoned building, transforms it into something beautiful The Rebuild Foundation, founded by Gates, reports that Stony Island Art Bank will become a multi-disciplinary platform for site-specific installations and exhibitions of contemporary art, artist and scholar residencies, and archival collections essential to the history of art, architecture, and black culture. Credit: The Rebuild Foundation
Theaster Gates raised millions to restore the bank into something beautiful (Picture: The Rebuild Foundation)

Proof that with hard work, something abandoned and forgotten can be turned into a truly amazing thing.

Back in 2012, artist Theaster Gates decided to splash out and buy a building from the city of Chicago: the Stony Island Trust & Savings Bank, built in the prohibition era.

The brilliant thing: he bought it for a… Read the full story


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