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LA”s Museum of Contemporary Art To “Go It Alone”

Posted in Art Finance

The Los Angeles Museum of Contemporary Art is in a slump.  It has reportedly faced an exodus of board members and challenges raising money.

Now, according to this article in the New York Times, after exploring the potential for a merger to help with its finances, the the Museum appears to have decided to try to go it alone, releasing a statement on Tuesday announcing its intention to stay independent.

Apparently this  included a decision to reject a merger offer extended by the Los Angeles County Museum of Art.

Hopefully the museum will find better sailing in the days ahead, particularly as it is the only, or one of the only, major museums in the LA area dedicated to the exhibition of contemporary art.