Art Newspaper Notes Almost $5 Billion in Expansions for US Arts Institutions During Massive US Recession

April 5th, 2016

During one of the worst recessions in U.S. history, the nation’s museums spent almost $5 billion in expansions and new building projects, The Art Newspaper reports, noting that these investments may cause future financial problems for institutions spending capital on buildings that may be unsustainable.  “There is a tipping point where, instead of the building being a resource, it becomes something that requires resources,” says Mary Ceruti, the director of New York’s SculptureCenter.Read more at Art Newspaper