[1] Ringling College of Art and Design bought the center, which was struggling financially, in 2007.
In February 2017, it was announced that the center would be closing in May to be privately redeveloped into homes.
[2] The site has been sold to a developer who intends to build single family homes.
[1] Ringling College of Art and Design and Longboat township had announced a joint project to build a new arts center with a tentative opening date of 2020.
[2][1] However, the joint project failed to materialize due to additional costs and ultimately COVID-19.