Photo copyright by Jim Henderson.
Literally just ten days ago, we told you about the Robert Capa in Color exhibit at the International Center of Photography (ICP) and today we have more, rather bittersweet news concerning them. Apparently in the burgeoning commercial rental market in NYC, the landlord of the building, the Durst Organization - is likely squeezing them. The current lease is coming to an end in January 2015, and the center has not renegotiated a new one and thus will close its midtown museum. They're looking to announce a new site this spring. The school, which is not on the same lease, will remain at its current location of 1114 Sixth Avenue.
Perhaps not surprising though, as the space is some prime real estate and the museum has thus far gotten off easy:
The museum, which was founded in 1974, has been at its Midtown location, in the ground floor retail space, since the 1980s. According to Jordan Barowitz, director of external affairs for the Durst Organization, the ICP has been a tenant of the Durst Organization since 1968 (when the ICP was known by its earlier name, the International Fund for Concerned Photography). The sum that the ICP pays, he said, is and always has been nominal during the time of institution’s tenancy with Durst. “They only pay operating expenses and don’t pay rent,” Barowitz said, though he refused to go into detail about the terms of the ICP’s current lease.