It is unfortunate that the museum’s leadership feels that it has to ration its availability. He also argued that court approval of the settlement would, by extension, represent approval of the Met’s admission fee proposal. Facing a deficit that is now about $15 million, the Met has been looking to raise revenue in addition to cutting costs. Advertisement Continue reading the main storyThe Met’s current “suggested” admissions fee, $25 for adults, generated about $39 million in the fiscal year 2016, or 13 percent of the museum’s overall revenue. A mandatory fee would be likely to generate tens of millions of dollars more a year.

Source: New York Times May 06, 2017 00:00 UTC