Error: 3002 Source: GeoIP.asp line 56: File could not be opened. Field Museum cutting staff, overhauling operations and limiting the scope of its research
The First Art Newspaper on the Net Established in 1996 Friday, October 9, 2015

Field Museum cutting staff, overhauling operations and limiting the scope of its research
File photo of an Inuit raincoat made from seal intestines at the Field Museum. AP Photo/Caryn Rousseau.
CHICAGO (AP).- Chicago's renowned Field Museum, a major center of global scientific research, has announced plans to cut staff, overhaul operations and limit the scope of its research because of a high debt load and the recession.

The natural history museum might also change hours of operation and raise admission prices for special exhibits at one of the city's best-known cultural attractions, museum officials said Tuesday.

The Field Museum is known for its research into plants and animals and impressive collections, including Sue, the world's largest and best-preserved Tyrannosaurus rex.

The Field's cost-cutting measures will be an opportunity to refocus the mission of the museum, which was founded in 1893, officials said.

They hope to cut $5 million in costs and increase the museum's endowment by $100 million. Museum staff and board members will work on a plan between now and July 1.

The staff cuts will be aimed at curators and scientists. The museum will also focus more on its own collections and be more selective in choosing outside exhibits that cost more money to organize.

"If we wrestle these issues to the ground successfully, our future is rosy," the Field's president and CEO, Richard Lariviere, told the Chicago Tribune's editorial board.

Lariviere, the former University of Oregon president, started work at the museum in October.

Lariviere said the museum has more $170 million in outstanding bonds. He called that "very high" compared with the institution's $300 million endowment. The bonds cost the Field more than $7 million a year, taking a bite out of an operating budget of less than $70 million.

"Our credit cards are maxed out," Lariviere told the Tribune.

The Field Museum is one of Chicago's top tourist attractions, drawing 1.3 million visitors in 2011.

The cost-cutting plan follows earlier attempts to trim $5 million, also primarily through staff cuts. But rising bond debt and operating deficits over the past decade have combined with flat revenues and dwindling government subsidies to put a financial squeeze on the institution.

Despite the possible hike in ticket prices, Lariviere said the average patron shouldn't notice much of a change in the short term.

Copyright 2012 The Associated Press.

Today's News

December 20, 2012

Field Museum cutting staff, overhauling operations and limiting the scope of its research

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

'Breakfast at Tiffany's' among 25 selections added to United States film registry

Rembrandt masterpiece "Portrait of Catrina Hooghsaet" back on display at National Museum Cardiff

Tower Hamlets Council's ownership of Henry Moore's 'Old Flo' challenged by Bromley

Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Andy Warhol's Mao portraits excluded from the Beijing and Shanghai shows next year

Colby College Museum of Art's 26,000-square-foot Alfond-Lunder Family Pavilion to open in July

Sotheby's New York 20th Century Design & Tiffany Studios Sales total $12,877,127

BJ and Richeille Formento present photographs as part of a group exhibition at Edelman Arts

The Antiques Dealers Fair Limited ventures into London for the first time in January 2013

Bonhams to present art of the South Seas Sale in San Francisco in February 2013

Atlanta's High Museum of Art to host Collectors Evening to build permanent collection

China criticises French Qing dynasty seal auction

Tunisia to auction ousted despot's treasures

First exhibition in the UK of Croatian artist Sanja Iveković opens at The South London Gallery

Nine new exhibits debut at San Diego International Airport

Lluís Barba reworks iconic artworks in new exhibition at Dean Project

Art Asia Miami 2012 concludes its fifth year with strong sales and VIP attendance

Most Popular Last Seven Days

1.- British archaeologist Nicholas Reeves aims to pinpoint legendary Queen Nefertiti's tomb

2.- Exhibition at the Victoria & Albert Museum explores the world of Indian textiles and fashion

3.- Rare Byzantine mosaic that depicts ancient streets and buildings in Egypt restored

4.- Sopranos actor/art collector Federico Castelluccio to pen book on Guercino discovery

5.- Exhibition at the McNay Art Museum presents more than 50 works created by Joan Miró

6.- Major monographic exhibition of works by Tamara de Lempicka on view in Verona

7.- Virginia Museum of Fine Arts acquires painting commissioned by King George III

8.- Tang Museum at Skidmore College receives 500 photographs from Jack Shear

9.- The Rijksmuseum and the Louvre to jointly buy rare Rembrandts for 160 mn euros

10.- Rail life: History of trains brought to life in a state-of-the art museum in Brussels

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez
Social Network Manager and Translator: Norma Cristina Pérez Ayala Cano

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site