The ownership of the Price Tower Art Center is being transferred to a new locally-based group, Copper Tree.   

 

Appearing on CAR TALK on KWON on Thursday, Brad Doenges, Chariman of the Price Tower Board, said the process is in the final stages right now. Doenges, who is also the president of Doenges Family of Autos, said the Tower Board was introduced by some local people to others who wanted to invest in the Price Tower and bring up to where it needs to be inside and out. 

 

Known for now as The Copper Tree Group , indications from them state that over the next 18-24 months, the building will see much needed modernization to its heating and air conditioning systems, elevators, windows and more. 

 

The building, which was constructed in 1956 as the corporate headquarters for the H.C. Price Company, was referred to by Frank Lloyd Weight as his extraordinary design, as “the tree that escaped the crowded forest”. It remains the only Wright-designed skyscraper ever built. 

 

In a press release, Donna Keffer, current Executive Director of PTAC, stated “We are excited that the Copper Tree team is committed, first and foremost, to (1) the long term preservation of the Price Tower and (2) the legacy of Frank Lloyd Wright.  Copper Tree will remain strongly focused on making sure that the arts will continue to be a major centerpiece of the Price Tower’s mission.”