I’ve been just informed that Terence Riley resigned as director of the Miami Art Museum. This indicates one of two things — either they’ve raised the money they need, and the new building is happening, or he’s realized that it ain’t gonna happen and he’s bailing. The former reason is what is stated, but the latter seems disturbingly more likely, especially given the lack of a fundraising update with the announcement. This majorly blows. Update: here’s the longer story. But scant new info: the fundraising numbers are 6 months old(!). “Riley said he leaves the job with very few regrets. One is that he didn’t do enough to muster the support of Miami’s art heavyweights.” Yikes!