Canadian artist Cesar Saez proposed to build at 300-meter banana that would float in the air... in Texas. He needed over a million dollars to do this and the Canada Council for the Arts granted him $55,000. Since he was never able to raise the rest of the money — duh! — he never has to build the banana, and he gets to keep the $55,000.
When asked about this failed banana investment, Carole Breton, of the Canada Council, explained, "We understand that sometimes, for all sorts of reasons, there is no creation at the end . . . this is money for research, not for results."
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