From what we know, the building is built by the funds that is being raised by the Sherpas of New York. Sherpas who are interested in this project are donating $5000.00 and other amounts to help fund this project. And you are correct, this building will house Statues of different Buddhist Gods, lot of other buddhist artifacts and will have a hall for all the other needs. And as you said, "the building will not in anyway impede the use by other "jats".
As of "Music n' Masti Event", we are only trying to raise awareness of this wonderful project to the world to show that "Impossible is Nothing". If people comes together, anything is possible.
So, let's not argue over the name and work on making this world a better place to live.

Shangri-La Entertainment Group.