Photo by Lee Rosenbaum
The Washington Post‘s David Montgomery has the story, quoting Fred Bollerer, president of the Corcoran Gallery and College:
A number of individuals, corporations, foundations, other organizations [perhaps these?] have understood the severity of the problem and have engaged in a way to allow us to continue to stay in this building and to assure the future.
The Corcoran adminstrators apparently have likewise “understood” the intensity of their constituents’ attachment to the institution’s elegant, historic home.
No details were announced on how this very welcome rescue may be accomplished. Time (and Bollerer) will tell.
Here’s an excerpt from today’s official statement from the Corcoran:
After reviewing the status of all relevant research at their Dec. 5, 2012 meeting, the trustees resolved that they will now focus only on approaches that keep the museum in the building. The trustees are pursuing several possibilities consistent with this decision and expect to select a preferred option within the next three months.
Send those real estate sales consultants packing!