A Collector’s Dream: Creating Your Own Museum as a Legacy
Mr. Bidwell said that in the case of Transformer Station, the building and the art would go to the Cleveland Museum of Art after 15 years.
“We hired an architect, but after the building was built, we met with so many experts and consultants
that finally we used our own experience constructing the museum,” Mr. Halim, 74, said.
“We were a little naïve about how much work this would be,” Mr. Bidwell said.
“A tax-exempt private museum has a duty to provide a benefit to the public,” Mr. MacLellan said.
“I’ve dealt with many museums that have failed or are failing,” Mr. Walhimer said.
“A collector may say, ‘I want this material to be seen in perpetuity,’ but they don’t realize
that the type of expenses that are involved are significantly more than where they’re holding the works now,” said Gail Lord, a founder of Lord Cultural Resources, a cultural planning firm.
