An unfortunate consequence of the economic hard times, among other things: New York’s American Folk Art Museum, founded in 1961, is running out of ways and means to stay afloat. After moving its 5,000+ piece permanent collection to a new location in 2001, the museum has had difficulty repaying the construction loans due to a variety of factors.
In a New York Times article, some of these reasons are described. From lack of development, fund-raising, public interest in the subject matter, the usefulness of the new space for displaying art, and the legal troubles of the museum’s former chairman, the Folk Art Museum has had a rough few years.
Despite these setbacks, the article ends with a tinge of optimism-
[Linda] Dunne [the interim director] is finding solace in small things, like a boom in attendance at the Lincoln Square site since the West 53rd Street building closed.
“People are lining up,” she said, “waiting to get in.”
Read the entire article here: http://www.nytimes.com/2011/08/25/arts/design/american-folk-art-museum-weighs-survival-strategies.html?pagewanted=1&_r=1&ref=design