Wednesday, September 16, 2009
Cleveland Museum of Art Scrambles for Financing for Phase II Renovations - WSJ.com: "The art museums hit hardest in the financial crisis have been those in the building game. Some have been relatively lucky. New York's Museum of Arts and Design completed a move into renovated quarters last October with only a fraction of its $90 million cost left to raise. The St. Louis Art Museum had time to pull back from the brink, announcing last November that it would postpone the late-2008 groundbreaking for its $80 million expansion."