On yesterday, September 14th, Chancellor Ellen Hobbs Lyle issued a memorandum and order in the Stieglitz lawsuit rejecting The State Attorney General’s proposal to move the Stieglitz Collection to Nashville’s Frist Center for the Visual Arts.
The Chancellor stated that the Attorney General’s proposal was not a long-term solution and outlined specific modifications that Fisk should make in its Crystal Bridges 50/50 Sharing Agreement that would allow the University to sell a half-interest in the collection for $30 million. Under the agreement, Fisk and Crystal Bridges would determine a definite schedule to provide for the Stieglitz Collection
to be at Fisk half the time.
Fisk will meet these modifications on or before the October 8th deadline. The Attorney General’s reply deadline is October 22nd. Click here to read the latest memorandum and order.