On May 24, The Shed, a non-profit cultural organization that’s backed by some of the heaviest hitters in New York City, announced the completion of erecting the structural steelworks for the telescoping outer shell of a 200,000-sf artistic center, also called The Shed, under construction in Lower Manhattan’s west side.

This announcement came one day after former New York Mayor Michael Bloomberg said that he would be donating a total of $75 million to this project through his Bloomberg Philanthropies.