bQNs7mR
bQNs7mR
bQNs7mR
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
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