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Play on: LA Philharmonic completes deal for property Frank Gehry will transform
The project in Inglewood adds to the city's development boom
The Los Angeles Philharmonic completed its deal to buy an aging building that Frank Gehry will transform into into a modern facility for young musicians.
The philharmonic paid $5.8 million for the Inglewood property, located at 101 South La Brea, records show. The orchestra bought the 88-year-old building from the City of Inglewood, which acquired it from a nonprofit organization two years ago.
Soon to be called The Judith and Thomas L. Bechmen YOLA Center @ Inglewood, the 25,000-square-foot project will serve as permanent home of the Youth Orchestra Los Angeles. It will also serve as a third venue for the L.A. Philharmonic Association. There will be space for classes, rehearsals and performances.
Construction on the $14.5 million project is in its early stages, with an expected completion date of August 2020, a spokesperson for the philharmonic said.
The project adds to the number of prominent developments that are dramatically changing Inglewood. Most notable is the $2.6 billion stadium for the L.A. Rams and Chargers that is expected to be completed by the 2020 NFL season. That project, dubbed Hollywood Park, will also include shops, a hotel, parks, 2,500 housing units and restaurants.