Should LACMA Start A New Building When It’s Already $443 Million In Debt?

According to the museum’s most recent 990 tax forms, filed in 2018, LACMA is carrying $331 million in county bond debt that was used to pay for construction of the Resnick Pavilion, the Broad Contemporary Art Museum, the Pritzker Parking Garage and other projects. In addition to that debt, the museum has $112 million in other liabilities, such as accounts payable and accrued expenses. This brings LACMA’s total debt to almost $443 million. – Los Angeles Times