In celebration of the Frost Museum opening, even though we haven’t been there yet, we thought it might be helpful for any curious readers who may have missed or been disinterested in, to get the full history of the checkered and bumpy path to its completion. Don’t know about all of you, but there have definitely been a few times when we’ve been curious as to whether or not the museum would actually ever be completed and if it was just going to be a white elephant sitting out there on Biscayne Bay. Of course, looking back that seems difficult to believe, with the Frost name on it and with so much press surrounding the museum you kind of had to figure no matter what it was eventually going to get done, it was just going to be a matter of how much arm twisting had to be done.
Miami’s super oversized ambitions to be a cultural mecca combined with Phillip Frost’s money someone was bound to give. The final price tag on the project has been about $305 million. Frost kicked in an initial $35 million and then ended up giving another $10 million when progress stalled. Inside Philanthropy recently wrote an excellent summary of the ups and downs to get it done.
The Frosts’ in general have been big donors on the South Florida and particularly Miami philanthropy scene, earlier this year they donated $100 million to build a world class STEM program at the University of Miami.