About: INN/Financial Difficulties   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

The Louvre's financial difficulties arose from a combination of rising maintenance costs, overspending, and lower than normal attendance. Several costly acquisitions in recent years sunk the museum into spiraling debt. When repairs to the facilities became unavoidable and visitor attendance fell, it became clear that major influx of cash was needed to cure the museum's ills. In June, the decision was made to auction off several of its older exhibits. That decision paid off well yesterday.

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  • INN/Financial Difficulties
rdfs:comment
  • The Louvre's financial difficulties arose from a combination of rising maintenance costs, overspending, and lower than normal attendance. Several costly acquisitions in recent years sunk the museum into spiraling debt. When repairs to the facilities became unavoidable and visitor attendance fell, it became clear that major influx of cash was needed to cure the museum's ills. In June, the decision was made to auction off several of its older exhibits. That decision paid off well yesterday.
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abstract
  • The Louvre's financial difficulties arose from a combination of rising maintenance costs, overspending, and lower than normal attendance. Several costly acquisitions in recent years sunk the museum into spiraling debt. When repairs to the facilities became unavoidable and visitor attendance fell, it became clear that major influx of cash was needed to cure the museum's ills. In June, the decision was made to auction off several of its older exhibits. That decision paid off well yesterday.
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