economy report

Arnold Lehman, director, Brooklyn Museum
“Many museums have had important support in general operations and programs from major investment banks, whether it’s Goldman Sachs, Lehman Brothers, Merrill Lynch or AIG, to name a few. Depending upon their cycle of giving, the headline players are going to have to review what their support for the cultural community will be—and there will certainly be a change there. But the bright spot in all of this is tourism; cultural tourism is clearly something that has had a profound impact on New York. When there’s an opportunity for that part of the economic structure to continue to make money, I’m optimistic that the city understands where the positive part of its balance sheet will be.”
Time Out - Special arts report 2008: Surviving Art