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

Los Angeles /
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

arrow_forward_ios
Granite CEO Michael Dardick and Industrious CEO Jamie Hodari

Industrious partners with landlords to offer tenants satellite workplaces

Industrious partners with landlords to offer tenants satellite workplaces
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
Franz von Holzhausen and the home (Credit: Jonathan Leibson/FilmMagic via Getty Images, and Google Maps)

Tesla designer picks up Richard Neutra-designed house in Montecito

Tesla designer picks up Richard Neutra-designed house in Montecito
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...