Art Museum Wins Judgment And A Permanent Home
After being forced out of its first home because of gentrification, a contemporary art museum negotiated an option to purchase the property with its new landlord. But when the museum sought to exercise its option, the landlord reneged so it could sell to a much a higher bidder. After years of hard fought litigation, the art museum obtained a judgment awarding the property at the option price, as well as attorneys’ fees.