US museums spent $5bn to expand as economy shrank

THE ART NEWSPAPER | Julia Halperin:

US museums spent nearly $5bn on expansions between 2007 and 2014, according to research by The Art Newspaper. During the worst US recession since the Great Depression, $4.95bn was spent or pledged by 26 museums on projects such as the $305m Snøhetta-designed extension of the San Francisco Museum of Modern Art (SFMoMA), which is due to open on 14 May. The US spent more on expansions than all of the other 37 countries we examined put together (for methodology, see below)… Read more

Image: Space race: the new Renzo Piano-designed home of New York’s Whitney Museum of American Art. Image: © VIEW Pictures/Alamy