A $25 million plan to modernize and expand the Art Gallery of Greater Victoria's Moss Street facility remains underfunded as Halifax's $130 million art gallery proposal secures enough government backing to proceed.

At a press conference held today, the Province of Nova Scotia announced its funding commitment for a 140,000 square foot arts and culture complex slated for Halifax's downtown waterfront. $80 million will be contributed by the province, while $30 million has been earmarked by the federal government. Remaining funds will be sourced by gallery operators through various financing streams and pledges.

On the opposite side of the country Victoria's 41,000 square foot Next Gallery concept has remained little more than a vision since receiving municipal approvals in late 2015. Initially budgeted at $21 million, the expansion is now expected to cost $25 million.

Funding the project remains a challenge with only $11 million having been secured, $6 million of which was pledged by the province. The federal government has not earmarked any monies towards the Next Gallery.

The most recent multi-million dollar private pledges were received in late 2016 and earlier this month, to the tune of $2 million and $2.8 million, respectively.

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