Did AOL execs sink the Corcoran Gallery new building?

NYTimes yesterday had a story about the resignation of David Levy, President of Washington, DC’s Corcoran Gallery of Art in a tussle over funding for a planned expansion.
Apparently, $30 million of the money was to come from AOL exec and concrete and stainless steel kitchen connoisseur Barry Schuler and his uber-colleague AOL honcho Bob Pittman, but after AOL stock plummeted, the museum received only $13 million of the pledges, resulting in a shortfall to their building fund.