Folk Art Museum to remain at Lincoln Square

TRD New York /
Sep.September 22, 2011 01:24 PM

The American Folk Art Museum plans to continue operating at its 2
Lincoln Square location thanks to financial help from trustees and the
Ford Foundation, the New York Times reported. “We are confident that
we’re embarking on a prudent course with the facilities that we have
and the staff that we have,” Edward Blanchard, who was elected the
museum’s new president yesterday, said. “I think
we’re going to do some very exciting things.” Blanchard declined to
specify the dollar amount of the donations.

Earlier this year, the Folk Art Museum was forced to move from a large
renovated space at
45 West 53rd Street after it defaulted on its
construction bonds.
It pays $1 in rent to the Church of Jesus Christ of Latter Day Saints
at its current location.

The Museum of Modern Art Bought The 53rd Street space from the Folk
Art Museum, which had been considering disbanding completely in the
face of its financial problems. At its board meeting yesterday, the
trustees of the museum created a strategy to increase its visibility
and to extend its brand instead. In addition, the museum will try to
expand its loans to other New York City museums and to mount traveling
exhibitions. [NYT]


Related Articles

arrow_forward_ios
Epstein's Mansion at 9 East 71st Street and the Frick Museum at 1 East 70th Street with Jeffrey Epstein (Credit: Getty Images, Google Maps, Wikipedia)

Preservationists want the Frick to buy Epstein’s old mansion

Preservationists want the Frick to buy Epstein’s old mansion
Natural History Museum gets court clearance for $383M expansion

Natural History Museum gets court clearance for $383M expansion

Natural History Museum gets court clearance for $383M expansion
The Lower East Side’s New Museum could get a $38M expansion

The Lower East Side’s New Museum could get a $38M expansion

The Lower East Side’s New Museum could get a $38M expansion
Condo at MoMA tower lists for $46M as developers fight over pricing and discounts

Condo at MoMA tower lists for $46M as developers fight over pricing and discounts

Condo at MoMA tower lists for $46M as developers fight over pricing and discounts
MoMA closing this summer for final stage of $400M overhaul

MoMA closing this summer for final stage of $400M overhaul

MoMA closing this summer for final stage of $400M overhaul
(Credit: U.S. Air Force photo Master Sgt. Heather Cabral, April Pink)

Tax breaks, payment dispute haunt Glenstone Museum’s newly completed $200M expansion

Tax breaks, payment dispute haunt Glenstone Museum’s newly completed $200M expansion
This month in RE history: Natural History Museum expansion, development takes off in Montauk & more

This month in RE history: Natural History Museum expansion, development takes off in Montauk & more

This month in RE history: Natural History Museum expansion, development takes off in Montauk & more
Natural History museum isn’t entitled to city-owned land, activists say

Natural History museum isn’t entitled to city-owned land, activists say

Natural History museum isn’t entitled to city-owned land, activists say
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...