Chicago Art Institute Borrows $100 Million For Pensions

Money Woes At The Chicago Art Institute
Description The main entrance to the main building of the Art Institute of Chicago. | Source | Date 2011-10-14 | Author Beyond My Ken ...
Description The main entrance to the main building of the Art Institute of Chicago. | Source | Date 2011-10-14 | Author Beyond My Ken ...

The Art Institute of Chicago, the home of paintings by Henri Matisse and Pablo Picasso, is selling about $100 million of taxable and tax-exempt bonds partly to shore up unfunded pension obligations.

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