Grahame Sydney, who is best known for his landscapes of Central Otago, previously described the lack of art facilities in the district as a "glaring omission".
Speaking to the Otago Daily Times yesterday, he confirmed he had heard "whispers" about the proposal.
"I am very pleased any steps have been taken towards addressing the need for more cultural life in the Lakes district."
While his interest would centre on a dedicated art gallery, he stressed a new facility would have merit for the whole community.
"This sounds like it is a good first step."
The study, which will be carried out by AEA Consulting, will cost $100,000 but the number of donors was not confirmed.
Mayor Jim Boult said the project was being led by local Carroll Joynes and supported by Wakatipu Friends of the Gardens chairman Jay Cassells.
Mr Boult described it as a turning point and applauded investors.
"Firstly, this is a very generous investment in a future which will enable philanthropic support from within our community to be applied for the benefit of the whole community. A new source of funding for new challenges and opportunities is very welcome indeed."
The findings will be integrated into the Queenstown Town Centre Masterplan. While Mr Boult said he was open to any recommendations — he believed "something" for the CBD would be proposed. Locals will be encouraged to get involved and the study will include public forums, surveys and consultations.
Mr Cassells said it was a win-win for local people. I did suggest the idea of long-term, integrated planning for culture and arts for the community, starting with a study, but similar conversations have been going on for a long time between many residents.
"I was lucky enough to get to know some people who could help council with the resources and expertise it needed to get this going now."
