Yesterday, we posted about the Guggenheim Foundation‘s tax filings and what they said about the organization’s finances. Today we turn to news coming from one of those places that’s using a portion of the money they’re taking in: the Frank Gehry-designed, in-development Guggenheim Abu Dhabi. The Art Newspaper is reporting that Thomas Krens has left the project completely, having gotten involved almost immediately after leaving his long-time post as director of the Foundation. What does this mean for the Abu Dhabi plans, and what happened to make Krens decide to leave after nearly two years and the forming of a company to help support it? No one involved is talking, so we’ll just have to wait and see. Here’s a bit:

A spokeswoman for the Guggenheim foundation confirmed by email that Krens is no longer working on the Abu Dhabi project. On the subject of the curatorial panel, she added that: “No formal group was ever officially formed. The Guggenheim is in conversations with experts from around the world who are knowledgeable about Middle Eastern art and culture and who will be called upon for their expertise.”