Fairholme Capital hedge fund manager Bruce Berkowitz is still struggling to build an art museum in Miami as the city government sends mixed signals about the planned project. “Either I’m doing something wrong, or the process is broken, ” Berkowitz said.
Among other frustrations, Berkowitz said, after complying with one city agency’s request to cut foliage and secure vacant buildings at the development site, another city agency accused him of breaking municipal rules.
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The proposed museum at Biscayne Boulevard and 26 Street and would serve as a showcase for two large-scale works of art that Berkowitz bought: Aten Reign by James Turrell and Passage of Time by Richard Serra. The combined price of the two works was probably “in the tens of millions, ” said Dennis Scholl, an art collector and former vice president, arts, of the Knight Foundation … Continue Reading
The Real Deal
