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Table A1: Potential arguments to use to prevent asset sales<br />

Potential argument<br />

Details<br />

Alternatives<br />

Collection integrity<br />

Ethical considerations<br />

There are other revenue-generating assets that can be sold, such as city parking and garages,<br />

utilities, and transport infrastructure.<br />

Some assets, notably art and historic collections, may derive their value from being kept<br />

together, for example, because they are from a certain country, time or group of artists. This<br />

argument could also be used to justify selling a certain part of a collection in its entirety.<br />

Selling a large part of a museum collection would run contrary to a civic museum’s ethos<br />

and so violate the standards of the American Alliance of Museums.<br />

There are ethical considerations and legal regulations around the sale of animals —<br />

especially if endangered.<br />

It may be that land, such as parks, river frontage, or zoos, cannot easily be sold if a city is<br />

experiencing a downturn generally. Development pressure will be low so land values will be<br />

low too.<br />

Practical barriers to sale<br />

Sale of major collections all at once may cause the market price to fall.<br />

Sale of assets could well prompt lengthy legal challenges that would drain time and money<br />

from other efforts to address city debt.<br />

The break-up of the collection would deter future donation.<br />

Sustainability of the asset<br />

Any voter-approved millages could become null and void if some important assets were<br />

sold.<br />

Well-being of the “host city”<br />

Cities with debt problems need to get on an even keel. A good community and civic asset<br />

base is likely to be a contributing factor in achieving this well-being.<br />

167 | The New Barn-Raising

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