In the mid 1980s, the Phillips Petroleum Company, now ConocoPhillips, acquired the historic skyscraper for use as office space. In 1990, a group of community volunteers with the desire to make full use of Wright’s Tower established a civic art museum located on the first and second floors.
After Phillips Petroleum vacated the building, the museum continued to operate as the sole tenant in an otherwise abandoned landmark. In 1998, the group reorganized as Price Tower Arts Center and committed themselves to launch a capital campaign to acquire, rehabilitate and revitalize Wright’s legacy. Phillips Petroleum gave its generous assistance by refurbishing the Price Tower and then donating it and the surrounding city block to the Arts Center in 2001.