Donors give $2 million for Arkansas Arts Center debt | Arkansas Blog

Monday, August 29, 2011

Donors give $2 million for Arkansas Arts Center debt

Posted By on Mon, Aug 29, 2011 at 1:23 PM

REASON TO SMILE: $2.17 million to pay off Arts Centers Pharaohs debt.
  • REASON TO SMILE: $2.17 million to pay off Arts Center's 'Pharaohs' debt.
More to come, but Leslie Peacock reports from the Arkansas Arts Center that the Arts Center Foundation raised $4 million — $2 million of it from anonymous donors giving $1 million each — and gave the Arts Center $2.17 million to pay off debt remaining from the financially disastrous World of the Pharaohs exhibit.

Warren Stephens, chairman of the Foundation, said he was not one of the anonymous donors of $1 million gifts. He announced the gifts at the Arts Center's annual meeting.

The slate is thus clean, with a fresh start for the Arts Center and its new leadership.

Leslie has a fuller report on Eye Candy. She also has on her blog another item on Mayor Mark Stodola promising money for the museum if the city sales tax increase passes.

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