Haynes and Boone represented the New York Philharmonic in connection with financing that will allow it to speed up the planned $550 million renovation of David Geffen Hall at Lincoln Center for the Performing Arts. The financing will help the New York Philharmonic’s reopen the hall in fall 2022, nearly two years ahead of schedule.
Partner Alex Grishman led the Haynes and Boone deal team representing the New York Philharmonic in the financing, with assistance from two of his colleagues in the firm’s New York office: partner Daniel Lisk and associate Eitan Stavsky. Norton Rose Fulbright represented First Republic Bank and Patterson Belknap Webb & Tyler represented the Lincoln Center for the Performing Arts.
About $500 million has been raised for the renovation of David Geffen Hall, the vast majority coming from private sources, according to the New York Philharmonic and the Lincoln Center.
Originally, the renovation project was to be done in stages that would allow the orchestra to remain in the hall some of the time. Concert cancellations because of COVID-19 allowed construction to begin earlier than planned.
“Our accelerated renovation plan for David Geffen Hall allows us to make the most of COVID-19 closures to complete the renovation process faster and more efficiently without stops and starts,” Deborah Borda, the Linda and Mitch Hart president and CEO of the New York Philharmonic, said in a statement on April 5.
“Haynes and Boone played a critical role in allowing the New York Philharmonic and Lincoln Center to accelerate the renovation of David Geffen Hall,” Adam Cox, executive director of the New York Philharmonic, said. “Because of the deep expertise and experience of Alex and his team, we were confident throughout this complex negotiation. We are grateful to have had them as partners.”
