This week, the Museum of the City of New York announced they will pull out of their now 27-month (originally 18-month) project to put the South Street Seaport Museum back on its feet. Under the City Museum’s leadership, the Seaport Museum was finally emerging from its decades-long downswing, but that was before Superstorm Sandy hit in last October. Now, with $22 million worth of damage, the museum needs to find a financial backer or this historic Manhattan institution will fall into the hands of the New York attorney general.
