According to the Los Angeles Times, The Broad museum is scheduled to open Sept. 20 2015. The grand establishment will stand across the street from the Museum of Contemporary Art, further defining the stretch of Grand Avenue between 2nd and 3rd streets in downtown L.A. as a budding strip of contemporary art.
The $140-million, “honeycomb-like” building by Diller Scofidio + Renfro has 50,000 square feet of public exhibition space on two floors. The Broads have endowed their museum with a little more than “$200 million,” Eli Broad has said. Admission will be free.
It will be easy to lure eager Los Angelinos & avid museums goers to file through the extravagant space at $0 upon entry, with other museums in the prospective areas ranging from $10-25 per ticket (Plus additional parking & miscellaneous fees).
“Edye and I have always loved collecting art, but we have a new excitement and energy in acquiring new artworks now that we’re opening the Broad,” Eli Broad said in an interview. “We’re excited to discover new artists and artworks, especially when we have the opportunity to meet the artist and see their works in progress. These new acquisitions are truly art of our time, and we can’t wait to share them with the public.”
The most recent acquisition is the Julie Mehretu 2015 ink-and-acrylic-on-canvas “Invisible Sun (algorithm 8, fable form).” It’s the New York-based artist’s third work in the Broad collection.
Works by artists Goshka Macuga and Ella Kruglyanskaya also have been acquired.
After opening, the museum will offer a slate of programming, including talks and music performances. It also plans outdoor film screenings in warmer months, and in 2016 the Broad will begin showing temporary exhibitions in the first-floor gallery.
With the prices of homes & rentals on the rise this year, the opening of the Broad Museum could potentially raise the prices of the new condominiums in development, as well as effect current prices single family homes in the area. Downtown has been deemed one of Los Angeles’ top up and coming neighborhoods, and with over ten developments in the works, it looks like it is shaping up to be.
Check out the link below for the numerous other museums in greater Los Angeles area.