A performing arts center planned for the World Trade Center site has received a financial boost that improves chances of the languishing project to open in four years.
The Lower Manhattan Development Corp. on Thursday approved $1 million to hire staff and develop building plans.
With the approval, the center could open as planned in 2017.
The LMDC had withheld the seed money in September, citing concerns over the project’s cost and fundraising ability.
A board of directors was named to the center last year.
The Frank Gehry-designed center would include a theater for contemporary dance.
The LMDC already has committed $155 million for construction. The total cost is estimated at $450 million.