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Who says transit-oriented "design" isn't a good investment? :laugh:

 

Pittsburgh subway station tile mural worth $15 million

Thursday,  April 24, 2008 1:10 PM

 

 

PITTSBURGH (AP) -- A mural in a subway station is worth $15 million, more than the cash-strapped transit agency expected, raising questions about how it should be cared for once it is removed before the station is demolished.

 

"We did not expect it to be that much," Port Authority of Allegheny County spokeswoman Judi McNeil said Thursday. "We don't have the wherewithal to be a caretaker of such a valuable piece."

 

It would cost the agency more than $100,000 a year to insure the 60-foot-by-13-foot tile mural by Romare Bearden, McNeil said. Bearden was paid $90,000 for the mural, titled "Pittsburgh Recollections." It was installed in 1984.

 

More at

 

http://dispatch.com/live/content/local_news/stories/2008/04/24/mural.html?sid=101

That's amazing. If they auction it off, they could always invest the money in oil futures! Take a long position though....

"In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck

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