Recession stalls YUAG renovation
The global financial crisis that caused the University endowment to shrink by 25 percent has hit the Yale University Art Gallery as well.
The gallery’s two-year renovation project of Egerton Swartwout’s Old Art Gallery will be delayed indefinitely as part of a University-wide budgetary measure that requires the freezing of construction projects that have not yet started. And although this construction halt may leave the halls barren in Swartwout, the economy will not affect YUAG’s ability to acquire new works for the collection.
The renovation project, which involved the...
