From NPR:
Located in New York, the Archive of Contemporary Music (ARC) has a collection of popular music that rivals that of the Library of Congress, housing more than three million recordings. The archive is independent and gets no money from state or local governments and because of rising rents, it’s being forced to vacate its longtime Manhattan headquarters. News of its predicament brought offers from all over the country, and the archive has just announced that it will be moving to two different locations outside of the city.
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Bob George [founder and director of the Archive for Contemporary Music] has always depended on the generosity of private individuals, and that’s who stepped up to rescue the Archive of Contemporary Music. Its primary collection will move to the estate of a wealthy supporter beside the Hudson River and the archive’s duplicates will be sent to a warehouse in LA, provided by another wealthy benefactor.