LA-Area Cities Vie To Be Home Of Eli Broad’s Museum

Broad will “create a $200-million endowment that would generate $12 million a year to operate the privately run, nonprofit institution. The only bigger single cash donation to the arts in Southern California history would be J. Paul Getty’s initial $700-million 1976 bequest to establish the J. Paul Getty Trust — $2.65 billion in today’s dollars.”