Plans, to be approved in April, will see the 145-year-old, financially troubled Corcoran Gallery of Art forming a partnership with the National Gallery of Art and George Washington University, The New York Times reports. The Corcoran’s art collection would remain in public institutions and it would retain its Beaux-Arts building.
The federally funded National Gallery would organise and present exhibitions of modern and contemporary art at the Corcoran under the name Corcoran Contemporary, National Gallery of Art, with the Corcoran’s education arm, the 124-year-old Corcoran College of Art and Design, operating under the George Washington University, which would also take on responsibility for expenses for the Corcoran building, which is badly in need of renovation.
