The Guardian Reports:«One of France's richest men is on the brink of ditching plans to build a spectacular contemporary art museum outside Paris because he is fed up with the red tape and inertia of the local authorities.»
«The billionaire businessman, Francois Pinault, owner of one of the finest private contemporary art collections in Europe, is now likely to put it on display in a magnificent 18th-century palace in Venice.»
«But having spent some 20 million euros (US$26 million) on feasibility studies and architect's fees, Pinault has reportedly lost patience with the local councilors of Boulogne-Billancourt, who have have made little or no progress towards deciding what should be done with the 50 hectares of the island not occupied by the planned museum.»
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