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Cut

By Intellectual Property Law, Esq.

The City of Long Beach followed through on its threat to cut funding of the Long Beach Museum of Art because of city "officials? ire at having to pay off a $3.06-million bond that museum leaders had promised years ago to cover, but then failed to when their fund-raising campaign fizzled." The LAT's Mike Boehm has the story. The museum's director says "he now expects to enter negotiations with city administrators over the funding cut; the museum foundation?s operating agreement allows for 90 days of talks if funding is in dispute. If the sides can?t agree, the museum foundation has the right to end the agreement, which extends to 2025, take the 1,600 items it privately owns from the 3,000-piece collection, and leave the city to run what?s left of the museum on its own."

Full post as published by The Art Law Blog on September 17, 2009 (boomark / email).