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"In a major turnabout, Madison and Overture Center representatives are now discussing private ? rather than city ? ownership of the arts facility as part of a path to erase Overture's $28.6 million debt."

Well, well, well. The climate changes. Even here in Madison, Wisconsin:

City Council President Mark Clear on Wednesday sent a memo to council colleagues saying he now believes the city should not acquire Overture and that Overture representatives are willing to consider private ownership of the $205 million building.

That's a huge shift from a June 22 deal among Overture officials, banks and donors to eliminate the $28.6 million debt ? including $15 million pledged by donors ? which required that the city buy the arts center on State Street for $1 by year's end.

The Overture Center...



... is an over-expensive, over-glamorous monument to the over-sized opinion elite Madisonians have of themselves... and of the humble citizens' appetite for The Arts.

Full post as published by Althouse on November 18, 2010 (boomark / email).