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The Asia Society has secured a new permanent home in Washington, D.C., by purchasing a historic building that will serve as its Policy Institute and China Centre. The 15,000-square-foot James G. Blaine Mansion, located in the DuPont Circle neighborhood, has been renovated and now features state-of-the-art conference facilities, private pool, underground parking, and a restaurant space.
Former Australian Prime Minister Kevin Rudd, the institution's president, stated that the location is ideal for the Asia Society's policy-focused initiatives. The building's purchase was made possible by Stephen Schwarzman, a major supporter of US-China relations, who donated $17.5 million towards the $19.99 million purchase price.
Schwarzman, listed as the 46th richest person in the world with a net worth of $41.7 billion, has previously contributed $100 million to launch the Schwarzman Scholars program in Beijing. The Blaine Mansion, built in 1882 for politician and former Secretary of State James G. Blaine, has a rich history that includes serving as the home to inventor George Westinghouse, the Japanese Embassy, and various government agencies.
Written by urgent.news from Reuters Business via SCMP's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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