Amid rising costs, LACMA scales back — slightly — big expansion

The massive project will add 347K sf to the museum, 10% less than proposed

Mar.March 31, 2019 12:00 PM
LACMA director and CEO Michael Govan

The Los Angeles County Museum of Art’s massive expansion will be a little smaller than first advertised.

A new environmental impact report shows that the $650 million expansion will now add 347,000 square feet to the complex, or 10 percent less than planned, according to the Los Angeles Times.

The report, which took two and a half years to complete, also shows the project would not have a negative impact on its surroundings, the Times reported. The L.A. County Board of Supervisors could vote to certify the report as early as April, which would allow them to release $117.5 million to in funding to the project this summer.

At the end of 2018, the museum had raised $560 million, and this year, officials plan to start a public fundraising campaign.

L.A. County owns the building, but the city of Los Angeles owns the airspace above the location at 5905 Wilshire Boulevard. That mens the city will also need to approve the work.

Groundbreaking is planned for early 2020, with an opening targeted for early 2024.

The project was designed by Swiss architect Peter Zumthor, and will rise next to the Academy Museum of Motion Pictures, which is under construction.

LACMA is also planning satellite locations in South L.A. One will be on an 80,000-square-foot space in the South Los Angeles Wetlands Park area, and the other at Earvin “Magic” Johnson Park. [LAT] — Gregory Cornfield

Related Articles

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

9300 Wilshire Boulevard

Land under historic Beverly Hills office building sells for $25M