At a time of civic uncertainty and economic upheaval in New York, the Museum of Modern Art was fast approaching a crisis of survival, faced with a rapidly-shrinking endowment and lack of expansion space to display the bulk of its collection.  As part of a consulting team to the Museum, our firm played a significant role in conceiving the sophisticated project plan to develop the Museum's air rights and study the many aspects of its feasibility.  In a dramatic commitment of resources and energy, the Museum undertook plans to build a 40-story condominium atop a new museum wing and double the size of its galleries.  The $40 million project was designed to meet two critical Museum needs: room for growth and income to reduce its annual deficit.  The additional museum space was paid for largely from proceeds of condominium sales.  A revenue gain is derived from payments from condominium owners through a complex, specially created financial and legal entity, and from increased museum attendance and admission charges, among other income sources