Best/Worst Of Times For LACMA Fundraising

The LA County Museum of Art just got $10 million for its education programs. But fundraising for the museum’s new Rem Koolhaas-designed building (estimated to cost between $200 and $300 million) has stalled out in the bad economy. “That fund-raising campaign, still in its “quiet phase,” suffered a setback in last month’s general election when a $250-million bond measure for improvements at county museums failed to pass. The bond would have given $98 million to LACMA, provided that the museum raised $112.5 million on its own.”