Hong Kong Art Centre Stalls

In a setback for several major art museums, the Hong Kong government has retreated from plans to build one of the world's largest cultural art centers after real estate developers refused to participate, complaining that the financial terms had become too onerous. The Georges Pompidou Center in Paris, the Solomon R. Guggenheim Foundation, and MoMA in New York had been vying for the right to run museums at the art cultural center - the director of the Guggenheim Foundation, had publicly described the initiative as "'the most exciting opportunity in the world because of the scale and the location." For the full story - click the title Irish Art