To make more room for its collections, the Sheldon has entered into negotiations with Zaha Hadid for a new structure, to be constructed several blocks away in the Haymarket neighborhood of warehouses and galleries.
While the impact of this debt burden was somewhat ameliorated in the near term by the carefully constructed payment-in-kind features, it is incompatible with achieving a competitive cost structure, funding sorely needed capital improvements and long-term viability.