LICAMPA 1617, an enterprise led by Spanish billionaire entrepreneur Juan Roig, has revealed plans to develop a multi-use indoor sports arena in Valencia, Spain. The company is looking to create the region's premier destination for sports, music, arts, and cultural events and has appointed sports architects HOK to design the arena. The main tenant of the arena will be Valencia Basket, a professional basketball team – sponsored by Roig –

A new museum celebrating French art, aesthetics and urbanity is set to be built in the 16th arrondissement of Paris, with a design by Pritzker-winning architect Frank Gehry. The building, described as “a major new cultural institution with international influence”, will be part-funded by the luxury goods billionaire Bernard Arnault, CEO of LVMH, who launched the project at a press conference on Wednesday (8 March) alongside Paris mayor Anne Hidalgo

Investor and philanthropist Ronald Perelman has donated US$75m (€67m, £56m) towards the construction and operation of the planned Performing Arts Center (PAC) at the World Trade Center in New York. The 80,000sq ft (7,400sq m) mixed-use cultural venue – which will produce works of theatre, dance, music, opera and film – is currently being designed by New York studio REX Architecture, but questions had surrounded how the project would be

Parisian billionaire and philanthropist François Pinault, is taking over a historic commercial building in Paris to showcase his €1.2bn (US$1.4bn, £950m) modern art collection to the public. Pinault, who once ran a fashion empire including Gucci, Yves Saint Laurent, Puma and Balenciaga before handing the reigns over to his son François-Henri in 2001, follows the likes of Louis Vuitton and Prada in opening public museums to store their collections. “It