Showing posts with label Renzo Piano. Show all posts
Showing posts with label Renzo Piano. Show all posts

Boston Is Awash In Museum Construction



The museum-building boom continues


What's happening at the Gardner and at Harvard111910_Museums_main






The opening of the $345 million Art of the Americas Wing at the Museum of Fine Arts this week represents but the latest — and the biggest — crest in a wave of new-museum construction in Boston that began unofficially with the opening of the new Institute of Contemporary Art building on Fan Pier in December 2007. Down the street from the MFA, the Isabella Stewart Gardner Museum is in the midst of its own $114 million construction of a new wing by Pritzker Prize–winning architect Renzo Piano. (See photos from the June "Topping Ceremony" here.) Keeping a lower profile — except to its immediate mid-Cambridge neighbors — is the renovation (some might say reconstruction) of the Fogg Art Museum, also designed by Piano (cost as yet undisclosed).

But first things first. The Gardner began site preparation October 9. By late 2011, it expects to complete its new 70,000-square-foot wing, which would then open to the public in early 2012. (The total area of the original 1903 building is 60,000 square feet.)

As of a few weeks ago, the major features of the Gardner were coming clearly into view. The Gardner has always been limited by the stipulation in Mrs. Gardner's will that, in essence, each object in the museum must remain where she left it. Special exhibitions were always limited to a 500-square-foot gallery. The special-exhibition gallery in the new wing will be a three-story, 1500-foot room with full-length north-facing windows and adjustable ceiling, plus a small, 500-foot ante-room. The old entrance will be closed; the new one, on Evans Way, will lead into a more spacious lobby. The new wing will also include a "Living Room" orientation area, a restaurant, a gift shop, new greenhouses, and two artist residences on the second floor with atelier-like windows.

But the jewel of the new wing will be its 296-seat concert hall. Last year, when Piano spoke at the museum, it seemed that this was his main incentive for taking the job. Its capacity will be about the same as that of the Tapestry Room, the site of concerts in the historic building. But that long hall, though attractive and intimate, was never ideal for concerts — especially if you were seated more than 20 rows back. The new concert hall will have its performers in the center, surrounded by the audience on all four sides, with two rows of seats on the first floor topped by three single-row balconies.

The situation at what are now being called "the Harvard University Art Museums" is more complicated. In February 2006, Harvard announced a "comprehensive academic plan to transform facilities for teaching, research, and presentation of its renowned collections." Most immediately, that meant a complete renovation of the Fogg Art Museum building at 32 Quincy Street, which was constructed in 1927. What casual observers probably didn't realize was that this also meant the demolition of Otto Werner Hall, the adjoining structure that since 1991 had housed the collection of the former Busch-Reisinger Museum on Kirkland Street.

The Fogg has officially been closed since June 2008, during which time its various collections have been represented in the Sackler Museum down the block on Broadway.



Site preparation at the old Fogg began in January. If you've walked behind the Fogg lately, along Prescott Street, you can see what appears to be a shell of the former building, blue sky clearly visible through the windows on the top of the three-story structure. Eventually, in 2013, a new, Piano-designed structure will hold the collections of the Fogg, the Busch Reisinger (with its emphasis on Central and Northern European art, especially German-speaking countries), and the Sackler (dedicated to ancient Islamic, Asian, and later Indian Art).

The purpose of the move is to unify the collections, to make all of the art more accessible, and to integrate art more broadly into the Harvard curriculum. "We wanted to create a state-of-the-art facility that would be the single location for all three of our museums," Harvard Art Museums director of communications Daron Manoogian told me. "With the Sackler being across the street in our previous configuration, it was getting about one-fifth of the visitation of the Fogg and the Busch-Reisinger, and that's not acceptable to us." (The refusal by the city of Cambridge to grant a permit for a pedestrian footbridge from the Fogg across the street to the Sackler didn't help.)

In the new Harvard University Art Museums building, you can expect much of the gallery set-up of the old building to be familiar. And the Fogg's central courtyard will remain intact. But there will be a new entrance from Prescott Street. "What we removed in the demolition you're talking about," says Manoogian, "were all the later additions to the building that were added one at time over 80 years and were never well integrated into the original building or with each other. They all had different floor-to-ceiling heights, and they all had different circulation point to the original building and to each other."

To that end, the fourth wall of the courtyard will be opened up. "You will be able to walk straight through the courtyard from the Fogg into the new wing and vice versa. It creates a single museum facility with two entrances that you can navigate through very easily from one side to the other, from the old to the new."

The old and the new. That's a theme Foster and his team kept reiterating at the MFA's Americas Wing dedication last Friday. But you have to wonder what that relationship between old and new really is. At the MFA, the Foster partners kept talking about restoring the North-South axis that was part of Guy Lowell's original master plan for the museum in 1909. But the name I.M. Pei — the designer of the MFA's West Wing, which opened in 1981 — was never mentioned. The Arthur M. Sackler Museum, designed by James Stirling, opened in 1985. It now will now most likely serve, says Manoogian, as "future home of the art-history faculty and the fine-arts library."

Otto Werner Hall — designed by architect Charles Gwathmey, who also designed the 1992 addition to New York's Guggenheim Museum —opened in 1991, but it was beset by unusual complications in its climate-control system that eventually led to the irreparable deterioration of its exterior walls. It is now rubble.

Sometimes — as in Piano's design of the new Gardner wing — architecture is about connecting old and new. Sometimes it's about an institution evolving to meet new challenges and set new goals. And sometimes, it seems, it's about correcting past mistakes.

This article is from: http://thephoenix.com/boston/arts/111755-museum-building-boom-continues/#ixzz169FrqX6i






LA County Museum Pushes The Pause Button On New Construction

Los Angeles County Museum of Art officials halt further construction until more donations are secured


A mixed review on the institution's finances by Moody's Investors Service prompts the action. An additional $100 million is sought.


LACMA

After nearly five years of constant construction and much more still to go, leaders of the Los Angeles County Museum of Art have resolved not to continue until they have socked away an additional $100 million in donations on top of the $320 million in cash and pledges given so far.

A mixed review of LACMA's recession-buffeted finances issued Wednesday by Moody's Investors Service lays out the reasons why the museum that opened the Broad Contemporary Art Museum and the BP Grand Entrance in 2008 and the Resnick Exhibition Pavilion in September is stopping for a refueling before pushing ahead.

LACMA officials said early in 2009 that the poor economy had forced them to delay the next scheduled project, carving offices and more gallery space out of LACMA West, a former May Co. department store at Wilshire Boulevard and Fairfax Avenue. But no fundraising threshold had been publicly attached to its resumption until now. (The LACMA West renovation would complete the second part of a three-phase, $450-million construction agenda. The third phase involves unspecified changes to aging buildings on the east end of the campus.)

Although Moody's did not downgrade the previous A2 rating on $383 million in construction bonds LACMA has issued to pay for its "Transformation" campaign, it forecasts rough going ahead, leading to a drop in the rating's outlook from "stable" to "negative."

Although A2 denotes an "upper-medium grade" investment that's a "good credit risk," Moody's pointed to some of the fine print in LACMA's complex bond transactions in explaining why the outlook, defined as "an opinion regarding the likely direction of an issuer's rating over the medium term," has turned negative.

To make its tax-free bonds more attractive to investors, LACMA purchased a guarantee called a letter of credit from a consortium of banks. The banks promised to pay off the bondholders should the museum default; in turn, LACMA agreed to maintain a certain degree of financial liquidity to reassure its bankers that no default would occur. But construction spending has eaten away at the museum's liquid assets, and the bad economy has stalled the fundraising needed to replenish them.

LACMA is $130 million short of its campaign's overall goal and $63 million shy of what's needed to back up its bonds, which don't start maturing until 2030 but carry projected interest costs of more than $10 million a year.

The measure of liquidity LACMA has committed to is called an Unrestricted Net Assets Ratio. A ratio of 0.95 or more is peachy; under 0.75 means disaster — a default. Since 2008-09, when LACMA's investment portfolio plunged 23.4% in the global meltdown (it regained 12.6% in 2009-10), the ratio has been in a gray area much of the time. It dipped as low as 0.88 on June 30, 2010, when liquid assets totaled $118.6 million. Now it stands at 0.91, according to Ann Rowland, LACMA's chief financial officer. Each ratio point equals $3 million to $4 million, Rowland said, meaning that the museum has stayed at least about $40 million clear of defaulting.

There have been some mild consequences: When the ratio, which is calculated each June 30 and Dec. 31, falls under 0.95, the museum has to transfer $12.5 million into a kind of escrow account to reassure the banks, although LACMA still gets to control how the money is invested. But a drop below 0.85, Moody's said, would pose "a significant credit concern" because it could trigger provisions in which LACMA wouldn't be able to spend any of its unrestricted funds — those not legally reserved for a donor-specified use — without clearance from its banks.

Rowland said Wednesday that even when its ratio fell to 0.88, LACMA had a cushion of about $12 million to avoid triggering that "significant credit concern." Everything should be OK going forward, she said, because for the first time in years the museum won't be spending large sums on architects and contractors, and presumably it won't be seeing its investments shrinking rapidly amid another round of global market mayhem.

But Rowland and Mark Mitchell, the museum's budget and investment officer, said it remains important for LACMA to make renewed progress on the capital campaign, which has netted just $9 million since mid-2008.

LACMA will still have $50 million in unspent bond proceeds when the restaurant is finished, Rowland said, but museum trustees have decided not to touch it until they've raised $100 million more. Then the planned makeover of LACMA West can begin, with no fear of bond-related liquidity problems.

Rowland said that the "negative" ratings outlook from Moody's isn't likely to mean higher interest rates on the museum's bonds, but Mitchell said the change is "one shot over the bow," signaling the analysts' concern about possible consequences if fundraising doesn't pick up.

On the positive side, Mitchell noted the Moody's report's praise for LACMA's "healthy operating performance" and "prudent fiscal policies," which enabled the museum to recover from a $400,000 deficit in 2008-09 by posting a $600,000 surplus in 2009-10, largely via a hiring freeze and scaling back exhibitions.

Moody's also reported that, at $53 million, the cost of the Resnick Pavilion came in $1 million under budget.

mike.boehm@latimes.com

Copyright © 2010, Los Angeles Times

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