#institutional-debt

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Arts
fromArtnet News
18 hours ago

How the Met Opera Turned Beloved Murals Into Financial Tools | Artnet News

The Metropolitan Opera faces financial strain and is considering selling its two Chagall murals, appraised at $55 million, potentially with placement conditions.
fromInside Higher Ed | Higher Education News, Events and Jobs
5 months ago

CUNY Plans to Buy Manhattan Campus

Cash-strapped Metropolitan College of New York is planning to sell its Manhattan campus to the City University of New York for $40 million, a regulatory filing first reported by Bloomberg shows. The two institutions signed a letter of intent on Monday, according to the regulatory filing, which notes that proceeds will be used to pay off a portion of MCNY's $67.4 million outstanding debt.
Higher education
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