The First Art Newspaper on the Net Established in 1996 United States Tuesday, July 22, 2014


Billionaire Eli Broad Chooses Los Angeles Site for Art Museum
Billionaire Eli Broad. AP Photo/Reed Saxon.
LOS ANGELES (AP).- Billionaire Eli Broad has chosen to build a museum for his contemporary art collection in downtown Los Angeles.

Broad's announcement Monday came minutes after a panel of local and state officials approved a plan to lease 2.5 acres of county-owned land to Broad.

Under the deal, Broad will finance construction of the $80-million to $100-million museum and contribute $200 million toward its operation. He will pay $7.7 million over the course of the 99-year-lease.

Broad made his billions as co-founder of developer KB Home and through the sale of insurer SunAmerican.

His 2,000-piece collection includes works by Jean-Michel Basquiat, Salvador Dali and Joan Miro. He was also considering building the museum in Santa Monica.

Check back soon for further information. AP's earlier story is below.

LOS ANGELES (AP) — A committee has given final approval to billionaire Eli Broad's plan to build a museum for his contemporary art collection in downtown Los Angeles.

The Grand Avenue Authority of state and local officials voted Monday to lease 2.5 acres of county-owned land to Broad. He has not announced whether he will build in Santa Monica or Los Angeles.

Under the deal, Broad will finance construction of the $80-million to $100-million museum and contribute $200 million toward its operation. He would pay $7.7 million over the course of the 99-year-lease.

Broad made his billions as co-founder of developer KB Home and through the sale of insurer SunAmerican.

His 2,000-piece collection includes works by Jean-Michel Basquiat, Salvador Dali and Joan Miro.


Copyright 2010 The Associated Press.

Eli Broad | Jean-Michel Basquiat | Salvador Dali | Joan Miro |


Today's News

August 23, 2010

Pomeranian State Museum to Open Exhibition by Three Masters of German Romanticism

Painting by Egon Schiele Stolen by Nazis Back in Austrian Museum

Billionaire Eli Broad Chooses Los Angeles Site for Art Museum

Egypt Deputy Minister, Mohsen Shalaan, Detained Over Van Gogh Theft

Apply Yourself to Impressionist Gardens with New iPhone App

Large Scale Etchings 1981-1990 by Richard Serra at Fabian & Claude Walter Galerie

The Whitney to Present Modern Life: Edward Hopper and His Time

New Exhibition of African Art at the Dallas Museum of Art

Faulty Alarms Blamed for Van Gogh Theft at Mahmoud Khalil Museum in Egypt

Japanese Art Dealers Association Announces Asia Week Exhibitions

Park Avenue Armory Welcomes Yoshitomo Nara + YNG for Open Studio

Craftsman Seeks to Save Millennium-Old World of Chinese Lead Type

European Masterpieces Opening Soon at the Royal Academy of Arts

Countdown to Auctions America Debut in Auburn

Chinati Foundation Names Dr. Thomas Kellein as Director

Art Fair Tokyo Announces New Organizational Structure

VIP Art Fair: The First Art Fair to Launch in January Exclusively Online

Anne Noble: At the End of the Earth Opens at Stills Gallery in Sydney

Resounding Success at this Year's Art Nocturne Knocke

LA Unveils $578M School, Costliest in the Nation, Fine Art Murals Included

Group Exhibition of 8 Korean Media Artists to Open at Gallery Hyundai

New Orleans to Remember Hurricane Katrina with Richard Misrach Exhibition

New Installation by Trenton Doyle Hancock Takes Over the Seattle Art Museum's Olympic Sculpture Park

Most Popular Last Seven Days



1.- Archaeologists discover Roman 'free choice' cemetery in the 2,700-year-old ancient port of Rome

2.- Romanians must pay 18 million euros over Kunsthal Museum Rotterdam art heist

3.- Hello Kitty designer Yuko Yamaguchi defends cute character as cat turns 40 years old

4.- eBay and Sotheby's partner to bring world class art and collectibles to a global community

5.- Exhibition on Screen returns with new series of films bringing great art to big screens across the globe

6.- Marina Abramović reaches half way point of her '512 Hours' performance at the Serpentine Gallery

7.- The Phillips Collection in Washington introduces a uCurate app for curating on-the-go

8.- United States comic icon Archie Andrews dies saving openly gay character

9.- New feathered predatory fossil, unearthed in China, sheds light on dinosaur flight

10.- Exhibition at Thyssen Bornemisza Museum presents an analysis of the concept of the 'unfinished'

Related Stories



Eli Broad Picks Downtown Los Angeles Site for Art Museum to Showcase His Collection



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site