A “Cultural Building Boom” Under Way in New York

A “cultural building boom” is under way in New York City, reports The New York Times, with more than 60 arts institutions undertaking, or recently completing, renovations or new construction worth more than $2.8-billion.

Some experts are concerned that all the spending on buildings could drain money available for cultural programs, the newspaper said.

“The danger with capital projects is that the creation of the capital project exhausts the resources of the organization, and then it doesn’t have the operating budget to run it,” Adrian Ellis, chief executive of AEA Consulting, which works with cultural institutions, told the newspaper. “You have to judge an organization not by where it lives but by what it does.”