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[[File:Arts and Industries Building interior 2015.JPG|thumb|A view through a door of the building in 2015]]
By 1995, the building was reported to be in disrepair and at risk of closing down.<ref>{{cite news|title=The dilapidated state of the nation's attic|work=The Washington Post|date=June 10, 1995|author=Jacqueline Trescott|url=https://www.washingtonpost.com/archive/politics/1995/06/10/the-dilapidated-state-of-the-nations-attic/d73c0a5e-bfec-4378-b638-a7f157817855/|access-date=2021-12-11}}</ref> By 2000, plastic tarps were in place to protect visitors from debris from the crumbling roof.<ref>{{cite news|title=Extensive leaks in the nation's attic|work=The Washington Post|date=April 1, 2000|author=Jacqueline Trescott|url=https://www.washingtonpost.com/archive/lifestyle/2000/04/01/extensive-leaks-in-the-nations-attic/7fffbbf5-5c19-4a79-89fb-d086831a5fbe/|access-date=2021-12-11}}</ref> In 2004, the building was closed to the public indefinitely, as funding for the necessary repairs was uncertain.<ref>{{cite news|title=Smithsonian accelerates Arts & Industries closing|work=The Washington Post|date=October 30, 2003|author=Jacqueline Trescott|page=C2|url=https://www.proquest.com/docview/2264331457/}} {{subscription required|via=ProQuest}}</ref><ref>{{cite report|title=Smithsonian Institution: Facilities Management Reorganization Is Progressing, but Funding Remains a Challenge|publisher=U.S. Government Accountability Office|date=April 2005|page=13|url=https://www.gao.gov/assets/gao-05-369.pdf|access-date=2021-12-11}}</ref>
In 2004, the museum was again closed for renovation. Its uncertain future and deteriorating condition led the [[National Trust for Historic Preservation]] to name it in 2006 as one of [[America's Most Endangered Places]], an annual list of endangered historic sites. In 2009 it was scheduled to receive $25 million in funds from the [[American Recovery and Reinvestment Act of 2009]] for renovation work.<ref name="nthp1">{{cite web|url=http://www.preservationnation.org/travel-and-sites/sites/southern-region/Arts-and-Industries-Building.html |title=Arts & Industries Building of Smithsonian Institution |year=2009 |publisher=National Trust for Historic Preservation |access-date=2009-05-11 |url-status=dead |archive-url=https://web.archive.org/web/20090303071119/http://www.preservationnation.org/travel-and-sites/sites/southern-region/Arts-and-Industries-Building.html |archive-date=2009-03-03 }}</ref>▼
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The exhibits were removed. Revitalization of the shell alone was solicited in 2010.<ref>[https://www.fbo.gov/?s=opportunity&mode=form&id=cfdd6d289a3b7522bc136da891855aa3&tab=core&_cview=0 "Smithsonian Institution Arts & Industries Building Revitalization - Shell"], accessdate August 25, 2010</ref> A complete restoration was projected to cost $200 million ($65 million in structural renovations alone) and last until the year 2014.<ref>{{cite web|url=http://blogs.smithsonianmag.com/aroundthemall/2009/11/construction-underway-arts-and-industries-building-gets-a-little-love/ |title=Construction Underway: Arts and Industries Building Gets a Little Love | Around The Mall |publisher=Blogs.smithsonianmag.com |date=2009-11-12 |access-date=2010-08-25}}</ref> It has also been discussed as a possible site for a national [[Latino American]] museum.<ref>{{cite web|last=Taylor |first=Kate |url=http://artsbeat.blogs.nytimes.com/2010/04/14/smithsonian-proposes-plan-for-art-and-industries-building/ |title=Smithsonian Proposes Plan for Art and Industries Building - ArtsBeat Blog - NYTimes.com |publisher=Artsbeat.blogs.nytimes.com |date=2010-04-14 |access-date=2010-08-25}}</ref><ref>{{cite web |title=Arts and Industries Building in the 21st Century |url=https://siarchives.si.edu/history/featured-topics/baird/arts-and-industries-building-21st-century |publisher=Smithsonian Institution Archives |date=20 June 2013}}</ref> In January 2014, the Smithsonian announced that the building would remain closed for the foreseeable future, citing funding concerns.<ref>{{cite web|last=Boyle |first=Katherine |url=https://www.washingtonpost.com/lifestyle/style/smithsonian-will-not-reopen-arts-and-industries-building-after-renovation/2014/01/28/30052cc8-8831-11e3-833c-33098f9e5267_story.html |title=Smithsonian will not reopen Arts and Industries Building after renovation - The Washington Post |work=washingtonpost.com |date=2014-01-28 |access-date=2014-01-29}}</ref> But on April 12, 2015, Smithsonian Acting Secretary Albert Horvath said about 40 percent of the building would reopen in fall 2015 for use as a short-term exhibit space. Smithsonian officials said that the building had been architecturally stabilized, and minor refurbishments made to the bathrooms, [[HVAC]] system, and interior paint scheme. Horvath said the building would not completely reopen. He said that plans for a proposed [[Commission to Study the Potential Creation of the National Museum of the American Latino|National Museum of the American Latino]] remained in limbo, and that the Smithsonian had purposely declined to include the Arts and Industries Building in its new master plan because the structure's fate had not yet been clarified or determined.<ref>{{cite news|url=https://www.washingtonpost.com/blogs/style-blog/wp/2015/04/13/smithsonian-plans-to-reopen-renovated-arts-and-industries-building-in-the-fall/|last=McGlone|first=Peggy|title=Smithsonian plans to reopen renovated Arts and Industries Building in the fall|work=The Washington Post|date=April 13, 2015|access-date=April 14, 2015}}</ref>
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