The Art Institute of Chicago is acquiring land next to its current building so it can build a 230,000 square foot addition. “Art Institute officials last year placed the cost of the addition at $198 million, more than half of which they had already raised. They also planned to raise another $87 million for an endowment for the addition, which according to district documents will house modern, contemporary, Asian, Islamic and architectural collections. About 65,000 square feet would be dedicated to gallery space and another 15,300 square feet will be dedicated to educational programs.”