Getty Trust to Slash Budget as Investments Tumble
Its portfolio dropped 25% during the last half of 2008, from $6 billion to $4.5 billion.
Together, the museums drew 1.6 million visitors in 2008. Admission is free, although parking costs $10.
Wood said the Getty's leaders and trustees would decide by the end of May what reductions to make. Although declining to specify possible cuts, he said that maintaining free admission was "a terribly important priority" because charging would be "a nasty socioeconomic curve" to throw to the less-affluent visitors the Getty aims to include.
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