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VENETIAN BLIND: The roof leaks. The outside walls, made of plaster and stone, are partially disintegrated. Wracked by poor drainage, the pavement out front is askew. But the Venice pavilion, a striking white edifice among 30 national pavilions at the Venice Biennale’s park site, will get a new lease on life, thanks to Louis Vuitton and Arzana Navi, a Venetian maker of sailing yachts. The two firms said Wednesday they would fund a restoration of the 1932 building by architect Brenno Del Giudice. Vuitton’s executive vice president Pietro Beccari said the restoration would be completed in time for the opening of the contemporary art expo on June 1. He did not disclose how much Vuitton is investing.