The Tampa Bay Performing Arts Center has been renamed for an area banker and philanthropist, David A. Straz Jr., in honor of what is being billed as the largest-ever gift for a Tampa Bay cultural facility, says the St. Petersburg Times.

The amount of the gift from Mr. Straz’s foundation was not disclosed, but it reportedly could be as much as $25-million, five times the previous record for a local arts institution, the paper says.

In other arts news, ground was broken Wednesday on the $185-million Perot Museum of Nature and Science, in Dallas, radio station KERA reports. Ross Perot Jr., son of the billionaire financier and former presidential candidate, contributed $50-million to the project.

And Washington, D.C.‘s experimental Catalyst Theater is shutting down in the face of debt arising from its move last year to a much larger performance space, according to The Washington Post.

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