In April 2017, "The New York Times" reported that the Met's annual debt was approaching $40 million, in addition to an outstanding museum bond for $250 million. This resulted in the indefinite postponement of a planned $600 million architectural expansion of the exhibition space for the museum's modern art collection as well as started a general discussion over the Met's human resources management. The current chairman of the board at the Met elected in 2011, Daniel Brodsky, stated in response to the "Times" reports that he "looked forward to working with my administrative and board colleagues to support a climate of candor, transparency, accountability and mutual respect." In January 2018, Daniel Weiss as president of the museum stated that a downsized version of the original $600 million architectural expansion might be reconsidered as early as 2020 at a reduction to the $450 million level.