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Cleveland Institute of Art will sell its East Boulevard site to Cleveland Museum of Art, CWRU

Posted January 14, 2013 in Articles

Author: Steven Litt

In a deal with big implications for the future of University Circle, the Cleveland Institute of Art is selling its valuable, 4.1-acre property on East Boulevard to the Cleveland Museum of Art and Case Western Reserve University for $9.2 million.
Money from the sale will trigger completion of the $66.2 million expansion and renovation of the art institute’s Joseph McCullough Center for the Visual Arts at the nearby Uptown development, which the art college co-anchors with the new home of the Museum of Contemporary Art Cleveland.
The university and the art museum, meanwhile, will share an equal, undivided ownership of a uniquely important and centrally located property zoned for a residential tower that could rise 175 and a building that could nearly equal the expanded Cleveland Museum of Art.

Original Article: http://blog.cleveland.com/architecture/2013/01/the_cleveland_institute_of_art_1.html

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