Los Angeles will be home to George Lucas' $1-billion museum
From the LA Times, By Deborah Vankin:
For months, “Star Wars” creator George Lucas held the art world in suspense: Would he put his $1-billion Museum of Narrative Art in Los Angeles or San Francisco?
On Tuesday came the answer.
Lucas’ personal collection of fine and popular art, including ephemera related to his “Star Wars” franchise, will fill a futuristic-looking new museum planned for L.A.’s Exposition Park, which beat out a competing design for Treasure Island in San Francisco Bay. The rivalry had pitted the two cities in the competition not only for Lucas’ collection and the tourism it will bring, but also for the thousands of jobs that backers said the project will create.
Lucas has said he will fund the project to the tune of about $1 billion, including building costs, his art and an endowment of at least $400 million.
The Lucas Museum will further expand the art museum landscape in greater L.A., which has become a global hot spot for art production. The Broad museum opened in late 2015 in downtown L.A., across the street from the Museum of Contemporary Art. The museum-scale Hauser Wirth & Schimmel gallery opened in L.A.’s Arts District less than a year ago, and the former Santa Monica Museum of Art will reopen in the Arts District this fall, renamed the Institute of Contemporary Art Los Angeles. The Marciano Art Foundation, the contemporary art museum from Guess co-founders Paul and Maurice Marciano, is aiming to open in Koreatown this spring. Meanwhile, the non-collecting Main Museum made a soft debut in downtown’s Old Bank District in October.