Results tagged “elibroad”

It was just a year ago that wealthy philanthropist Eli Broad came to save the day at MOCA by offering the museum a much-needed bailout to help keep it on its feet. By summer, however, the Broad Foundation had begun to chatter publicly about future cultural endeavors, namely a museum of contemporary art of their own. At the time, "Broad said that the museum 'is going to happen' and that it's merely a matter of timing," reported the LA Times. Broad was enthused about having the space in 90210: "Our first choice is the Beverly Hills site."

When MOCA found itself in financial trouble last year, Eli Broad was one of the first to offer up assistance. Now, the LA-based philanthropist has committed to contribute almost half a million dollars to help arts programs in public schools...in New York, according to the LA Times.

Well, it might not just be philanthropist Eli Broad buying up the LA Times, but he does have an idea. "We can't afford to lose good newspaper journalism, investigative reporting," he said in New York City this week. "I would like to see our foundation and others join together to own the LA Times... I am not sure it can be a national paper, or have the same aspirations it once had... Newspapers ought to be owned by foundations, not look for great financial returns... If several foundations are involved there is likely to be journalistic freedom." Related: VoiceOfSanDiego.org is already a foundation and donor supported online city newssite that focuses on in depth journalism. KCET's SoCal Connected did a great feature on them a few weeks ago, watch it below.

Los Angeles' beleaguered Museum of Contemporary Art has been resuscitated by the generous purse-strings of a well-known benefactor. According to the LA Times, MOCA's board "has voted to accept a $30-million bailout offer from billionaire philanthropist Eli Broad, a founder and life trustee of the museum and the city's largest arts patron." This means that MOCA will not opt for a merger with LACMA and will instead to continue to operate independently. Broad has said that despite his philanthropic connection to LACMA, he feels there will be no damage to his relationship with them in light of his move to rescue MOCA.

Our ailing outpost for contemporary art has reached a preliminary agreement with wealthy philanthropist Eli Broad for financial rescue, the New York Times is reporting. "The agreement, which the board voted on at a long meeting Thursday afternoon, is not final and is subject to numerous conditions, including Mr. Broad’s examinations of the museum’s financial accounts, according to the people, two of whom attended the meeting on Thursday." Broad went on the record several weeks ago as believing that Los Angeles was not a "one-philanthropist town" and urged people to rally to aid MOCA. One institution has rallied--LACMA--and their deal hasn't been entirely dismissed. In fact, if the Broad bailout doesn't work, a merger of the museums could very well be the next option. MOCA expects to announce their plans as early as next week.

Over the weekend, art patrons around Los Angeles received the 08/09 season mailer for the new Broad Stage in Santa Monica as part of Santa Monica Community College's Madison Campus. It's an interesting season of over twenty-five performances including some that caught our eye like the Grammy-winning all-male A Capella ensemble Chanticleer, the Cirque de Solei-esque Diavolo dance company, the cutting edge new music series Jacaranda, the baroque orchestra Musica Angelica, and well-known jazz man Dave Grusin. Maybe this will help Westsiders' complaints that they can't get to culture because of gridlocked traffic.

Since billionaire philanthropist Eli Broad has funded Los Angeles institutions such as LACMA's BCAM and UCLA's Stem Cell Institute, Curbed LA asked its readers what he should spend his money on next if it were to be a civic project. The "Subway to the Sea" won with overwhelming results.

In this city, crime is up and morale is down.

Almost two years ago, Frank Gehry, Eli Broad and the big developer folks from Related Companies announced the Grand Avenue Project. A blocklong development of housing, a hotel, retail & greenspace -- all designed by Gehry -- would complement Disney Hall. Getting the development together was tremendously complicated, and it probably wouldn't have happened without Broad's power and support. Since the exciting, fancy unveiling in April 2006, the Grand Avenue Committee has successfully navigated a series of hearings and approvals.

Los Angeles philanthropist, Eli Broad (rhymes with road), has decided not to give his massively large and impressive private collection of art to museums, rather, keeping the collection in house under control of a private foundation according to the New York Times. One of the assumed recipients of the art was LACMA, where the new $56 million Broad Contemporary Art Museum is scheduled to open next month. However, even with Broad's name on the museum, there would be no gaurantee that any art he donates from his private collection will be on display 100% of the time.

“We don’t want it to end up in storage, in either our basement or somebody else’s basement,” Mr. Broad said. “So I, as the collector, am saying, ‘If you’re not willing to commit to show it, why don’t we just make it available to you when you want it, as opposed to giving it to you, and then our being unhappy that it’s only up 10 percent or 20 percent of the time or not being shown at all?’” [New York Times]

Picasso. Giacometti. Kandinsky. Klee. Brancusi. So begins a list of 20th century artists whose works are part of the largest single donation to LACMA in over 40 years. Private LA art collectors Henri Lazarof, a composer, and his wife Janice, a daughter of the late S. Mark Taper, gave 130 paintings, sculptures, and other modernist works to LACMA this week. The gift is valued at an estimated $100 million plus according to the LA Times....

In today's LAFD updates, a structure fire at Fuller and a passenger car is trapped underneath an 18-wheeler. Will fewer fast-food restaurants mean healthier citizens? The City Council will be asked to consider a moratorium on new chain restaurants in South Los Angeles. Oscar-winning actress (and first wife to Ronald Reagan) Jane Wyman died today at the age of 93 at her home in Rancho Mirage. Students at forty LAUSD schools will be competing...

With one-third of the worst freeway junctions in this land o' freedom according to Forbes Magazine, somehow, this city still runs. It must be due to the fact that Los Angeles is economically successful: that is, if we go by the theory of economist Anthony Downs who said in the Washington Post that more economic activity equals more cars and more driving. He continues to say that "congestion will remain a fact of life...

LA Times Buyer Reveals Pre-Deal Negotiating Drama The Chicago billionaire about to take over the company that owns the Los Angeles Times said in remarks published Wednesday that L.A. billionaire Eli Broad sought him out as a partner last month, then tried "to stick a knife in my back." Trial of Suspected Los Angeles Serial Killer to Begin Tuesday A former pizza delivery man accused of being one of the city's most prolific serial killers...

The latest episode of Who Wants an NFL Franchise entered a new stage yesterday: The Meetings of the Rich Dudes.

Eli Broad (with glasses) and Mayor Antonio Villaraigosa stand in front of one of the models of the new Grand Avenue at today's press conference.

Today's edition in the series, is about former 49ers and Browns executive Carmen Policy, and how he might be the savior LA has been looking for to bring us back a team. Come on! Enough already! How many more saviors can we take? Add Carmen Policy to a list that includes Jerry Jones, John Elway, Larry Ellison, Eli Broad, Ron Burkle, Ed Roski, Tim Leiweke, Casey Wasserman, Mike Ovitz, Michael Eisner, Peter O'Malley, Mark Ridley-Thomas, Al Davis (again), Ken Behring, Alex Spanos, John Moag, Jim Irsay, and countless others as people who supposedly could have brought the NFL back to LA at some point. It hasn't happened yet.

In order for Ellison to be involved with the NFL, he needs a team.

Yesterday's explores the intricate relationship between LACMA�s biggest benefactor, billionaire Eli Broad, and the plans to revamp the most visible art establishment in Los Angeles.

The Committee chose New York-based Related Cos. to develop the four parcels, for which design proposals are still pending. Local patron of the arts and real estate magnate Eli Broad and representatives from the City and County of Los Angeles are directing the effort. The parcels are owned by both public entities, and Los Angeles City Council and the County Board of Supervisors will have final project approval.