YU contemporary art center goes public

"The unveiling of the YU contemporary art center on November 2 in Portland felt both energizing and overly familiar. On the positive side an LLC holding company already owns the building and (according to YU founders Curtis Knapp and Aaron Flint Jamison) seeks to transfer ownership of the former Yale Union Laundry building to YU (acronym for Yale Union) a 501(c)3 non profit arts institution as the project gets underway. Located in the inner SE industrial district YU is in an ideal location. The team has already donated and carried out a feasibility study by BOORA, which requires 5-7,000,000 for build out and seismic upgrades (though 10-$20,000,000 seems much more prudent for endowing the programs). Yu already has some finished renovations like the impressive kitchen for major events." Read entire article: Port