Tuesday, August 17, 2010

Chelsea Art Museum Closed Until September, Possibly to Avoid Foreclosure

Posted By on Tue, Aug 17, 2010 at 9:47 AM

Chelsea art musuem
The Wall Street Journal files an update today on the imperiled status of the Chelsea Art Museum, a great little institution forever overshadowed by the hundreds of world-class galleries surrounding it. Following last week's news that director Dorothea Keeser's company, which owns the West 22nd Street building in which the CAM is housed, had filed for bankruptcy protection, the museum will be closed for the rest of the month. Former employees tell the WSJ that the closure had not been planned, and that exhibitions and events had been scheduled for the second half of the month.

The museum is reportedly in talks to restructure its finances (it currently owes $13 million on a mortgage loan); and the state Department of Education will be reviewing the institution's status as the terms of that loan may make the CAM ineligible for grants and a museum charter. Lt's just hope this temporary closure doesn't become permanent.

Tags: , , , ,


Subscribe to this thread:

Add a comment

More by Benjamin Sutton

Most Commented On

  • 4 Art Exhibits You Need to See

    In which Francesco Clemente appears with Nas and Patti Smith, and in which certain picks are prefaced by anti-picks.
    • Oct 9, 2014
  • The Best Old Movies on a Big Screen This Week

    Brando does Shakespeare, Hou does history, Capra does populism and Georgian cinema re-does Stalin.
    • Oct 8, 2014
  • More »

Most Shared Stories

Top Viewed Stories

Top Topics in The Measure

Film (15)

Art (5)

Music (5)

© 2014 The L Magazine
Website powered by Foundation