Since its adolescence more than four decades ago, the New York Philharmonic’s home at Lincoln Center has been known as Avery Fisher Hall. Now, as the orchestra prepares for a major renovation expected to cost more than $500 million, the Fisher family has agreed to relinquish the name so the Philharmonic and Lincoln Center can lure a large donor with the promise of rechristening the building.
The unusual agreement, announced on Thursday, is a significant turnaround from 12 years ago, when the family of Avery Fisher, the music philanthropist who gave $10 million in 1973 to support the building, threatened legal action if the concert hall was rebuilt or renovated under a new name.
Lincoln Center is essentially paying the family $15 million for permission to drop the name and has included several other inducements, like a promise to feature prominent tributes to Mr. Fisher in the new lobby of the concert hall.
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