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The museum looked to Barry Diller’s now-dead floating park for what not to do.

In a rare example of high-level cultural philanthropy from Silicon Valley’s entrepreneurial elite, Jerry Yang, a Yahoo co-founder, and his wife, Akiko Yamazaki, have pledged $25 million toward a $90-million transformation project of the Asian Art...

For years, political rivalries, ethnic disputes and litigation have defined the trajectory of development in a section of Brooklyn that borders Hasidic Jewish, Hispanic and African-American communities.