Frank Gehry was the architect appointed to build this museum which was inaugurated on 18 October 1997. An engineering project that cost 89 million dollars and was done on time and on budget. The project was the result of a partnership between the Basque government and the Guggenheim foundation; the government would fund the building in the decaying port area and in exchange the Foundation would manage a permanent exhibit and rotate temporary exhibitions.
This was an attempt on revitalizing the economy of this industrial port city. In the first 3 years four million people visited resulting in 500 million euro injection to the economy. A fifth of that the government recouped in taxes and paid for the investment. Nowadays about a million people visit the museum per year.
There are not many buildings in the world that look like this one.