Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Bruno Bischofberger, Art Dealer of Stars Like Andy Warhol and Jean-Michel Basquiat, Dies at 86

May 10, 2026

Venice Diary Day 3: Offsite Highlights Include Fleshy Films and Vegetarian Videos

May 9, 2026

Venice Biennale Artists Decline Consideration for Golden Lions Chosen by Public Vote

May 9, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Centre Pompidou’s New Jersey Museum Is Officially Canceled After Jersey City Mayor Pulls Support

News RoomBy News RoomFebruary 12, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

A Centre Pompidou satellite museum that was expected to open in Jersey City is officially not happening anymore, the city’s Mayor said on Wednesday. On Thursday, a Centre Pompidou spokesperson confirmed that the museum was no longer pursuing the project.

The museum, officially known as the Centre Pompidou x Jersey City, would have been the only North American satellite operated by Paris’s biggest museum of modern and contemporary art, which is currently closed for renovations.

The Pompidou also runs international satellites in Shanghai and Málaga, Spain. Others are expected to open in Seoul, and Paraná, Brazil, yet both pale in comparison to the most ambitious Pompidou satellite in the offing: Kanal, a new museum in Brussels. Some have raised concerns, however, about whether Kanal will ultimately open as Belgium continues to face a prolonged government shutdown.

Like the rest of these satellites, the Jersey City museum was years in the making. It was first announced in 2021 as a 58,000-square-foot museum set in a 109-year-old building on Journal Square. But as often happens in New Jersey, local politics interfered, and the plan quickly festered.

In 2023, Republican lawmakers began to raise concerns about the Centre Pompidou x Jersey City, claiming that the museum would cost $200 million, with some $58 million of that coming from the pockets of taxpayers. After months of back and forth between Democrats and Republicans, the state pulled money from the project, causing the plan to implode.

The next year, the Pompidou renewed its effort, announcing a new plan for an even bigger Jersey City museum, which now had a new location. Now, it appears that rebooted version of the Centre Pompidou x Jersey City won’t happen either.

“We will not be doing Pompidou, to be clear,” said James Solomon, the Democratic Mayor of Jersey City, according to NJ.com. “It is dead.”

“On September 15, the newly elected mayor Mr.James Solomon decided not to pursue this project,” a Centre Pompidou spokesperson said in a statement to ARTnews. “Centre Pompidou has acknowledged this decision, which is part of long-term projects contingencies. We remain as committed as ever to sharing its collection with new audiences, building bridges between art worlds, [and] nurturing research and creativity in communities worldwide.”

The museum said it still planned to open a French satellite in Massy this year and that it would proceed as planned with the Seoul and Brussels museums.

The Centre Pompidou’s website lists all of the museum’s satellites, both the ones currently running and the ones still to come, but it notably does not feature information about the Jersey City institution.

OMA, the architecture firm that was expected to design the Jersey City museum, lists the institution as “ongoing” on its website. An OMA spokesperson did not immediately respond to request for comment.

The Centre Pompidou x Jersey City project was begun under the Mayorship of Steve Fulop, a Democratic who served three terms before leaving office last month. He had previously urged Solomon to continue seeing the museum to fruition, warning that Jersey City would lose money if the institution did not happen. Doing so would “cost tens of millions of dollars to reverse,” Fulop told NJ.com.

Solomon had railed against the project prior to his election, saying that “the current administration failed to deliver a credible plan to fund the Pompidou. Based on its own calculations, the Pompidou has a nearly $250 million budget hole over the next decade.”

It remains unclear how much money Jersey City did ultimately spent on the Pompidou project, a repeated point of contention during the planning proceedings. In 2024, NJ.com reported that Jersey City had allocated $11.5 million to the project. That report also noted that OMA had received nearly $12 million since the planning began in 2018. In 2025, the Jersey City Times reported that the city’s 2025 budget listed a new $1.1 million cost for the museum.

Update, 2/12/26, 10:25 a.m.: This article has been updated with confirmation of the museum’s cancelation from the Centre Pompidou. This article was originally published at 3:46 p.m. on February 11, 2026.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Bruno Bischofberger, Art Dealer of Stars Like Andy Warhol and Jean-Michel Basquiat, Dies at 86

Venice Diary Day 3: Offsite Highlights Include Fleshy Films and Vegetarian Videos

Venice Biennale Artists Decline Consideration for Golden Lions Chosen by Public Vote

As Her Venice Biennale Opens, Koyo Kouoh Foundation Launches in Memory of Late Curator

Former Korean Prosecutor Convicted in Alleged Lee Ufan Painting Bribery Scheme

Federal Panel Considers Plan to Paint Granite Eisenhower Executive Office Building in D.C. White

Venice Biennale strike sees more than 15 pavilions temporarily or partially close – The Art Newspaper

Who Owns the Megayachts Docked Outside the Venice Biennale?

Fire erupts at San Francisco’s Vaillancourt Fountain during its dismantling – The Art Newspaper

Recent Posts
  • Bruno Bischofberger, Art Dealer of Stars Like Andy Warhol and Jean-Michel Basquiat, Dies at 86
  • Venice Diary Day 3: Offsite Highlights Include Fleshy Films and Vegetarian Videos
  • Venice Biennale Artists Decline Consideration for Golden Lions Chosen by Public Vote
  • As Her Venice Biennale Opens, Koyo Kouoh Foundation Launches in Memory of Late Curator
  • Former Korean Prosecutor Convicted in Alleged Lee Ufan Painting Bribery Scheme

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Venice Diary Day 3: Offsite Highlights Include Fleshy Films and Vegetarian Videos

May 9, 2026

Venice Biennale Artists Decline Consideration for Golden Lions Chosen by Public Vote

May 9, 2026

As Her Venice Biennale Opens, Koyo Kouoh Foundation Launches in Memory of Late Curator

May 9, 2026

Former Korean Prosecutor Convicted in Alleged Lee Ufan Painting Bribery Scheme

May 8, 2026

Federal Panel Considers Plan to Paint Granite Eisenhower Executive Office Building in D.C. White

May 8, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.