Friday, June 15, 2007

Barnes Bonds Bid

Randy Kennedy has a brief piece (fifth item) in today's New York Times on the latest bid to prevent the Barnes from moving, which I mentioned earlier this week: "Montgomery County proposed buying the foundation’s buildings and land for $50 million or more, using money that would be raised through bonds. Under the plan, interest from the money could then be used by the Barnes both to pay the bonds’ debt service and to build its endowment, allowing the art to stay put. ... A spokesman for the Barnes said that the foundation had only recently received the proposal and was not yet prepared to comment."