- Associated Press - Wednesday, August 19, 2015

ST. PETERSBURG, Fla. (AP) - The executive chairman of Raymond James Financial says he will buy two floors of a downtown St. Petersburg building to showcase his vast collection of Western and American Indian art.

About 60 percent of the 133,600 square feet will be used for Tom James’ art museum.

A statement released by James says the transaction is expected to close in October, and the museum is tentatively scheduled to open in 2017.

The Tampa Bay Times (https://goo.gl/dTxfyw) reports that the date could make for a spectacular year for the arts in St. Petersburg. The American Arts and Crafts Movement Museum is also scheduled to open in 2017, a gift to the community from another wealthy collector, Tarpon Springs resident Rudy Ciccarello.

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Information from: Tampa Bay Times (St. Petersburg, Fla.), https://www.tampabay.com.

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