Public-private partnership for University of Iowa art museum likely

Matt Zalaznick's picture

University of Iowa officials, having been given approval Wednesday from the Iowa state Board of Regents, are moving forward with what will likely be a public-private partnership to find a new home for the university’s $500 million art collection.

The former Museum of Art building’s lower level mechanical and electrical systems sustained damage during the 2008 flood, and UI officials have since been working to secure federal funding to find a new home for the collection at a higher elevation, because officials say it cannot be insured at its current location in the floodplain.

The regents also approved a separate UI request to complete $2.5 million in repairs on the former museum building, which currently holds some School of Music operations on an interim basis.

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