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Copyright Law

: The Art Law Blog

A Long Beach Question

By Intellectual Property Law, Esq.

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Felix Salmon wonders why the Long Beach Museum of Art would run the risk of losing half a million dollars a year in operating support from the city by failing to repay the $3 million loan the city says it owes:

"I find that hard to understand: it should just take the $569,000 and use some fraction of it to pay off the $3 million over time, spending the rest on art and programming. Or is there some good reason why the museum?s implied discount rate is so incredibly high (over 18%)?"

Full post as published by The Art Law Blog on September 08, 2009 (boomark / email).

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