American Folk Art Museum Struggles Under Heavy Debt

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We’re beginning to feel like it’s late-2008/all-of-2009 again what with all the news of museum trouble again. Earlier this week, we told you about the continued financial difficulties at the Chelsea Art Museum, and now the news that has more of the specifics on their financial woes, as well as a quote from the museum’s executive director who says “We’re not on the verge of closing” and discussed their fundraising plans. So it looks like we’re not yet out of the museum-busting portion of the recession just yet. Here’s to hoping for the best.

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