Here’s the latest installment in the courtship of Eli Broad — and the art museum he aims to plunk somewhere in the Los Angeles Basin, complete with big-name architecture, a spiffy $200 million endowment and the 2,000 works of contemporary art held by his Broad Art Foundation.

Downtown L.A. is officially making a play, courtesy of the Grand Avenue Authority, which today authorized negotiations with Broad toward a possible deal that would wrest the museum from Santa Monica and Beverly Hills, which are also in the running, and maybe some other location yet to be publicly disclosed.

After a closed session today of the Grand Avenue Authority, L.A. City Councilwoman Jan Perry, a member of the joint city-county authority that’s overseeing development of vacant land and parking lots in the heart of downtown’s arts district, said it will deploy a negotiating team “to proceed with discussions with the Broad Foundation to consider his proposal and reach a mutual agreement.”


Mike Boehm, Ari B. Bloomekatz and Cara DiMassa
Los Angeles Times