This morning Francois Pinault finally announces his Paris museum, a project he has sought for many years. The Art Newspaper has the details from today’s announcement:

In a deal struck with the city, Fondation François Pinault will take over the historical Bourse du Commerce (commodity stock exchange) building, which is close to the Louvre. The opening is scheduled for the end of 2018. Pinault, who announced the news with the Paris mayor Anne Hidalgo, said that he would cover the costs.

The foundation will manage the Paris museum alongside its Venice spaces, the Palazzo Grassi and the Punta Della Dogana. As chairman, Pinault will be assisted by the former French culture minister Jean-Jacques Aillagon. Martin Béthenod, the current director of the Venice spaces, will now oversee the institutions in both cities.

François Pinault to realise long-held ambition of opening Paris museum (The Art Newspaper)