The report by the National Gallery steering group says the Weighbridge gallery could be funded by £10m from developer contributions from the Waterfront, and a ?15m endowment from wealthy Islanders to cover running costs.
And that, say the steering group, would give Islanders a chance to see ?30m worth of privately owned art in the Island that includes works by Picasso, Monet and Renoir.
They say the gallery should be run by Jersey Heritage, based across the Weighbridge square at the Jersey Museum.
