The Virginia Museum of Fine Arts recently unveiled the biggest expansion in its history, designed to turn the 75-year-old museum into a public gathering place. Although it's a challenge for museums to charge visitors in a way that fully pays the bills, ensuring widespread accessibility to patrons is an important part of their mission.
Feldstein, Martin, ed. The Economics of Art Museums. Chicago: University of Chicago Press, 1991.
Manjarrez, Carlos, Carole Rosenstein, Celeste Colgan, and Erica Pastore. “Exhibiting Public Value: Government Funding for Museums in the United States.” Washington, D.C.: Institute of Museum and Library Services, 2008.
Order single copies or subscribe to Region Focus and other publications from the Federal Reserve System.