The Clark Art Institute has a $300 million endowment, more art than it can put on its gallery walls, and is eager to expand. The Massachusetts Museum of Contemporary Art, a 15-minute drive away, has plenty of extra space and needs cash.
So yesterday the two institutions, one which opened in 1955, the other just eight years old, announced a deal to provide the Clark with nearly 30,000 square feet of storage and exhibition space on Mass MoCA's campus in downtown North Adams.
The lease deal for three former factory buildings will increase the Clark's visibility, and provide the museum with a sensible place to branch out into more contemporary art exhibitions, Clark director Michael Conforti, said. For Mass MoCA, the arrangement will pump money into the museum's tiny endowment and perpetually strapped annual budget.