Now Matadero is evolving into a cultural laboratory, where a new arts financing strategy is being tested. Companies and institutions are providing financial support to supplement dwindling government arts subsidies, but with a twist: they don’t just send checks, they move in. Within the walled 59,000-square-foot center, there are public theaters and exhibition spaces that last year drew more than 500,000 visitors for music and art events and avant-garde plays. But five new residents are private institutions, including a designers’ association, a publishing house’s foundation and offices of Red Bull, the Austrian energy drink maker. They are in the compound rent-free for now, but have invested millions in the remodeling of pavilions there, as well as in programming, from art exhibitions to music festivals.
At Matadero, Red Bull Adds Money (and Energy) to Culture - NYTimes.com
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