Hand-wringing over what Kresge hath wrought

If the Kresge Foundation isn’t giving matching grants for brand-new arts buildings anymore–and it’s not–the arts-building bubble is over as surely as the housing and financial-industry bubbles.  Granting funds instead for renovation and repair means the new Kresge posture will benefit the arts groups that got while the getting was good (or, perhaps, have some other basis for grantworthiness, e.g. re-purposing of an historic building).  But arts groups which have been thinking about building from scratch are now stuck contemplating Max Bialystock’s mantra: “He who hesitates is poor!”

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One Response to “Hand-wringing over what Kresge hath wrought”

  1. End of Multi-venue Cultural Facility Construction? | Butts In The Seats Says:

    […] Nonprofiteer reports that the Kresge Foundation has decided to cease providing support for the construction of new […]

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