Deming said that in a year and a half, the institute would like to entertain proposals from developers about razing the East Boulevard building and replacing it with a luxury condominium tower. The goal is to generate revenue from the sale or lease of the land under the tower and the air rights above to add a new operating fund to the institute's $30 million endowment, which consists mainly of funds restricted to scholarships and education. Deming said the institute has had conversations with developers about the East Boulevard proposal, but the response was tepid because the college can't vacate the property for at least three years.
The goal for the addition to the McCullough Center is to create rugged, flexible studio spaces in an environment that can be quickly reconfigured as artistic practices and technologies change in the 21st century and to encourage interdisciplinary thinking.
"We're not asking the architect to give us an identity," Deming said. "We want to work with an architect who can respond to our identity."