Entertainment
Los Angeles museum construction spending draws focus following venue openings
The Hollywood Reporter reports that LACMA and George Lucas invested major funding into separate Los Angeles museum projects.
The short version
- LACMA spent a reported $724 million on its new David Geffen Galleries, which opened four months ago.[The Hollywood Reporter]
- Funding for the LACMA building included $150 million from David Geffen, $125 million from Los Angeles County taxpayers, and $300 million in extended credit.[The Hollywood Reporter]
- George Lucas contributed a reported $1 billion to establish the Lucas Museum of Narrative Art.[The Hollywood Reporter]
Key facts
- LACMA spent an estimated $724 million on its David Geffen Galleries facility.[The Hollywood Reporter]
- Los Angeles County taxpayers provided $125 million and extended $300 million in credit for LACMA's project.[The Hollywood Reporter]
- David Geffen contributed $150 million toward the LACMA building project.[The Hollywood Reporter]
- George Lucas personally provided a reported $1 billion for the Lucas Museum of Narrative Art.[The Hollywood Reporter]
- The David Geffen Galleries building at LACMA debuted four months ago.[The Hollywood Reporter]
What remains uncertain
- The final total costs for both museum facilities are based on reported estimates.[The Hollywood Reporter]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Why George Lucas’ Museum Building Mogs LACMA’s New David Geffen Exhibition HallThe Hollywood Reporter metered