L.A. County Board Okay's Possible Broad Museum Downtown
The Los Angeles County Board of Supervisors on Tuesday unanimously approved a plan to house Eli Broad's art collection at a museum that would be part of the Grand Avenue Project downtown.
The board's okay was the third of four approvals needed for the museum to be built, but it's not a sure thing yet: Broad hasn't committed fully to it. But ... the billionaire developer-turned-philanthropist has been an unapologetic downtown booster and longtime proponent of the Grand Avenue Project.
The fourth and final approval was needed from the the Grand Avenue Authority, which was scheduled to meet Monday.
The project, it seems, needs the museum -- which would house Broad's exquisite art collection -- more than he needs it: The showcase would occupy retail space that might be otherwise filled as part of the Grand Avenue Project. (And who would want a grand development as part of downtown's renaissance if it had empty storefronts?).
CSUN Womens Soccer
TicketsThu., Oct. 26, 7:00pm
Los Angeles Lakers vs. Toronto Raptors
TicketsFri., Oct. 27, 7:30pm
UCLA Women's Soccer v California & UCLA Men's Soccer v Washington
TicketsSun., Oct. 29, 1:00pm
South Bay Lakers vs. Northern Arizona Suns
TicketsSun., Oct. 29, 7:00pm
Los Angeles Lakers vs. Detroit Pistons
TicketsTue., Oct. 31, 7:30pm
Following a story in the Weekly about how Broad would be getting the $7.7 million public property for $1 a year in lease payments, the billionaire announced he would dedicate $7.7 million to affordable housing.
He would also foot $80 to $100 million in construction costs and plow $200 million into an endowment for the museum.
Of course, as we said, it's not a done deal yet. But it sure looks like it is.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Los Angeles, delivered to your inbox Monday through Friday.