NYC: Met Museum admission fee generates $2.8 million
NEW YORK (AP) — New York City officials say $2.8 million received as a result of the Metropolitan Museum of Art’s new admissions policy will go toward 175 cultural organizations city-wide.
Cultural affairs Commissioner Tom Finkelpearl says the agreement with the Met is stabilizing one of New York’s “major institutions” while also boosting other cultural and arts organizations. The New York Times reports the Met was allowed to change its pay-what-you-wish policy of 48 years in 2018 to now require visitors from outside New York state to pay $25.
The policy change was approved by the city, which owns the building, and the museum agreed to turn over 30 percent of its increased admissions revenue in return.
Information from: The New York Times, http://www.nytimes.com