400WellingtonGuy
Active Member
On the other hand, perhaps the condo owners would have some special privledges regarding access to the art and perhaps those who bought there might have a particular affinity for the love of whatever art might be shown here, and therefore might be more willing to pay for the prestige of it all? As well, they are going to be in a Gehry build, so that will automatically provide some incentive to buy for the prestige factor, which would increase demand regardless of the costs to maintain the museum at your feet, if the costs are reasonable. At the end of the day, it will likely come down to costs per unit/unit type, and whether the market will support a philantropic cause and the cost of expenses in return for the goodwill gained by providing the operational capital to educate and stimulate the public's love of art. I am not sure, just throwing the idea out there, (as overly optimistic as it might be).
Lastly, perhaps, misguided or not, he is attempting to try a new method of funding to improve the knowledge, connection, and access to art for Torontonians? (This last idea might just be me trying to brainstorm his reasoning.)
All good points but all it takes is one crazy ass condo board (and we have seen them in the best of buildings) and the whole thing falls apart.