MILWAUKEE MUSEUM OF ART STILL MIRED IN DEBT

The Milwaukee Art Museum ran a deficit of 1.7 million dollars in 2001 and $100,000 in 2002 and has projected a deficit for fiscal year 2003. The museum also has an outstanding debt of 32.6 million dollars caused by cost overruns on its recent expansion project. In the Milwaukee Journal Sentinel, Bruce Murphy reports on the steps that the museum is taking to weather the financial crisis—which include, but are not limited to, selling off a part of its permanent collection.