Just days after unveiling the final design for its new location in Bicentennial Park, Miami Art Museum announced that director Terence Riley has resigned, effective immediately.
"We are now ready to break ground on a building that is poised to be one of the greenest art museums ever built in the Americas. As such, this is the right moment for me to pursue other interests and for MAM to smoothly transition to a new leader who will see this project to its fruition," Riley said in a statement.
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More importantly, with the tight economy, some major financial museum supporters have cut back endowment promises recently. And Riley still has connections in New York, where major players in the art world abound. "He was getting burnt out," the source said. "He was tired of dealing with the bureaucracy."