The former home of the American Folk Art Museum, constructed just 12 years ago, will be demolished to facilitate an expansion by the Museum of Modern Art. MoMA had purchased the building several years ago as the Folk Art Museum tried to pay off debts from an expansion, and plans to erect a new building to complete its proposed five-building campus expansion. “We have a lot of art that we own that we would like to show,” said real estate developer and museum chairman Jerry I. Speyer “When we built what exists today we didn’t get as much exhibition space as we really need.”
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