Eli Broad Picks Downtown Los Angeles Site for Art Museum to Showcase His Collection

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LOS ANGELES (AP).- Billionaire Eli Broad said Monday he had chosen an expanding downtown cultural district for a new museum to showcase his collection of art that includes works by Salvador Dali and Joan Miro. The developer-turned-philanthropist made his announcement minutes after a committee of state and local officials voted to let him lease county-owned land along Grand Avenue for the structure that could cost as much as $100 million. The 35,000 square feet of gallery space will feature paintings, sculptures and photos from Broad’s 2,000-piece collection, which includes works not currently on permanent public display. “There’s lots of art to go around,” Broad said after the vote by the Grand Avenue Authority. “We want to show our art to the widest possible audience.” The Broad Art Foundation will also coordinate loans of artwork to other museums from the planned venue totaling 120,000 square feet. Under the deal for the land, the foundation will pay $7.7 million over the cou