The American Folk Art Museum, which was forced to sell its home on West 53rd Street, will return to its other, smaller location in Lincoln Square July 9, according to Crain’s. The museum sold the building at 45 West 53rd Street that it has occupied for the past 10 years to the nearby Museum of Modern Art in May $31.2 million, to settle a $32 million debt. The new space, at 2 Lincoln Square, is considerably smaller than the 53rd Street location, but the museum is confident that it will still be able to offer a full schedule of exhibitions and programming.The Lincoln Square site was the institution’s home prior to the opening of Its West 53rd Street building. It pays $1 a year in rent to the Church of Jesus Christ of Latter Day Saints. [Crain’s]