Takeover seen for landmark Washington museum
WASHINGTON (AFP) - The oldest and largest private museum in Washington, the financially troubled Corcoran Gallery of Art, will be taken over by the government-backed National Gallery of Art under a proposal announced on Wednesday.
In a joint statement, the two cultural institutions said they were in talks that envision the National Gallery of Art assuming initial responsibility for the Corcoran's priceless collection of some 17,000 works of art.
The museum's 19th century premises just steps from the White House - and in need of major renovations - would meanwhile go to George Washington University, which would also take over the Corcoran College of Art and Design.
The proposal aims to keep the Corcoran open to the public and its collection - featuring works by Claude Monet, Pablo Picasso, Edward Hopper and Willem de Kooning - in the United States (US) capital.