A €55m reconstruction was financed by the Alfried Krupp von Bohlen und Halbach Foundation under its chairman Berthold Beitz. An international architectural competition organized by the City of Essen was won by David Chipperfield (against competing designs by David Adjaye, , and Zaha Hadid) in March 2007. The new building, adding to the existing museum, opened in January 2010, when Essen and the Ruhr Area became European Capital of Culture – Ruhr.2010.