MOCA Allegedly Reaches Agreement With North Miami: M’Bow Stays, Trustees to Leave With Artworks
By Carlos Suarez De Jesus
Published Wed., Jun. 18 2014 at 8:20 AM
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| Photo by Ivon David Rojas |
The heated legal dispute between the board of trustees of North Miami’s Museum of Contemporary Art (MOCA) and the City of North Miami over who controls the museum’s collection and whether it will be relocated from its current home to Miami Beach’s Bass Museum may have finally come to an end.
Read more at: Miami New Times Blog
You have got to be kidding me that this is a credible story.
“The artwork leaving the North Miami institution will be appraised by Sotheby’s, and after a monetary value has been placed on the collection, both parties will pay half of that value to MOCA.”
The City of North Miami agreed to pay for half of the assessed value of the art work in dispute?
Where oh where will this money come from?