Field Museum in US to limit scientific research

Dec 19, 2012

Chicago's renowned Field Museum, a major center of global scientific research, has announced plans to cut staff scientists and curators, overhaul operations and limit its research scope because of a high debt load and the recent U.S. recession.

The is known for impressive collections, including Sue, the world's largest and best-preserved .

The cost-cutting measures will be an opportunity to refocus the mission of the museum, which was founded in 1893, officials said.

They hope to cut $5 million in costs and increase the museum's endowment by $100 million.

The museum will also focus more on its own collections and be more selective in choosing outside exhibits that cost more money to organize.

"If we wrestle these issues to the ground successfully, our future is rosy," the Field's president and CEO, Richard Lariviere, told the Chicago Tribune's editorial board. Lariviere started work at the museum in October.

Lariviere said the museum has more $170 million in outstanding bonds. He called that "very high" compared with the institution's $300 million endowment. The bonds cost the Field more than $7 million a year, taking a bite out of an of less than $70 million.

"Our credit cards are maxed out," Lariviere told the Tribune.

Explore further: Will rapprochement mean new research collaborations between Cuba and the U.S.?

5 /5 (2 votes)
add to favorites email to friend print save as pdf

Related Stories

US Holocaust museum to put records online

May 03, 2011

The US Holocaust museum has teamed up with Internet genealogy site Ancestry.com to provide online information about those who were persecuted by the Nazis, the museum said.

Louvre and Nintendo aim to make art child's play

Dec 15, 2011

The Louvre said Thursday it has teamed up with Nintendo to hand out 3D game consoles to guide visitors through its vast art collections, as part of a stepped up digital drive at the Paris museum.

Recommended for you

Study: Alcatraz inmates could have survived escape

Dec 17, 2014

The three prisoners who escaped from Alcatraz in one of the most famous and elaborate prison breaks in U.S. history could have survived and made it to land, scientists concluded in a recent study.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.