Tuesday, October 7, 2008

Art and the financial fallout

As the city continues it's course into the unknown, it's interesting to think of those who are apt to suffer from the fallout, and yet had little to due with the causes of the current situation. Organizations that could not have been more removed from the fiscal irresponsibility of entities lending and borrowing money they could not afford to do, are going to be impacted dramatically as the belt continues to tighten. Museums, art galleries, theatres, and the like, will see their funding from institutions and private sector individuals all but disappear as those responsible reassess their financial situation. It is all but certain that public and private galleries that have depended on funding from institutions based in the city will see their funding cut dramatically or disappear altogether.

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