New Leaders Elected to Clark Board of Trustees

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WILLIAMSTOWN, Mass. — O. Andreas Halvorsen and Robert G. Scott were recently elected to lead the board of the Clark Art Institute. They succeed Peter S. Willmott, whose term ended on Dec. 31.

Halvorsen will serve as chair, while Scott will serve as vice chair.

Halvorsen is the co-founder and chief executive officer of Viking Global Investors LP, an investment management firm with offices in Greenwich, N.Y., Hong Kong, and London. He holds a bachelor of arts in economics from Williams College and an MBA from Stanford University Graduate School of Business. He is involved in a variety of philanthropic activities and is a trustee of Williams College. Previously, he served on the Advisory Council of the Stanford Graduate School of Business, was a Trustee of Greenwich Academy, and a board member of Right To Play USA.

He and his wife, Diane, reside in Darien, Connecticut. He joined the Clark’s Board of Trustees in 2011.

Scott was former president and chief operating officer and a director of Morgan Stanley and is currently the chairman of Genpact Limited, a business process outsourcing company. Scott is a Trustee of Williams College and a former member of the Advisory Council of the Stanford Graduate School of Business. He has been involved in leadership roles with a number of philanthropic and civic boards, including the Greater New York Council of the Boy Scouts of America, the Japan Society, the American Museum of Fly Fishing, and The Seeing Eye, Inc.



Scott and his wife, Karen, live in Naples, Florida and are trustees of the Naples Children and Education Foundation. He joined the Clark’s Board of Trustees in 2012.

The Clark’s board also welcomed Denise Littlefield Sobel as its newest Trustee. Sobel is the president of the Tikkun Olam Foundation, Inc., which focuses on women’s health, gender justice, and reproductive rights. She is also on the board of the New York City Ballet, the American Friends of Les Etés de la Danse, and the San Francisco-based Edmund and Jeannik Littlefield Foundation.

Sobel holds a bachelor of arts in art design from Williams College, with a focus on architecture. She previously served on the board of the American Red Cross in Greater New York, and as secretary of the board of Crystal Springs Uplands School, both of which have given her special recognition. Sobel lives in New York.

The Clark is located at 225 South St. Galleries are open Tuesday through Sunday 10 a.m. to 5 p.m. Admission is $20; free year-round for Clark members, children 18 and younger, and students with valid ID. For more information, visit clarkart.edu or call 413-458-2303.

 


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Williamstown Housing Trust Commits $80K to Support Cable Mills Phase 3

By Stephen DravisiBerkshires Staff
WILLIAMSTOWN, Mass. — The board of the town's Affordable Housing Trust last week agreed in principle to commit $80,000 more in town funds to support the third phase of the Cable Mills housing development on Water Street.
 
Developer David Traggorth asked the trustees to make the contribution from its coffers to help unlock an additional $5.4 million in state funds for the planned 54-unit apartment building at the south end of the Cable Mills site.
 
In 2022, the annual town meeting approved a $400,000 outlay of Community Preservation Act funds to support the third and final phase of the Cable Mills development, which started with the restoration and conversion of the former mill building and continued with the construction of condominiums along the Green River.
 
The town's CPA funds are part of the funding mix because 28 of Phase 3's 54 units (52 percent) will be designated as affordable housing for residents making up to 60 percent of the area median income.
 
Traggorth said he hopes by this August to have shovels in the ground on Phase 3, which has been delayed due to spiraling construction costs that forced the developer to redo the financial plan for the apartment building.
 
He showed the trustees a spreadsheet that demonstrated how the overall cost of the project has gone up by about $6 million from the 2022 budget.
 
"Most of that is driven by construction costs," he said. "Some of it is caused by the increase in interest rates. If it costs us more to borrow, we can't borrow as much."
 
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