Eli Broad Says He’ll Pay $7.7M, Not $1, For LA Museum Site

In addition to his new offer on “a 99-year lease on public land in downtown Los Angeles where he can build an art museum,” the billionaire “already has promised to pay the full construction cost of up to $100 million and provide a $200-million endowment that would yield an estimated $12 million a year to cover the museum’s operating expenses.”

Honolulu Musicians: Symphony Bargaining In Bad Faith

A labor grievance “accuses the Honolulu Symphony Society, the entity that runs the business operations of the orchestra, of bargaining in bad faith,” but a board member said the symphony, which is trying to emerge from bankruptcy, is willing “to continue talks if [the musicians’ union] had a counterproposal that was ‘financially realistic and sustainable.'”

LA-Area Schools Court Hollywood To Fill Budget Gaps

“‘Schools have historically been reluctant to make themselves available, but now they’re falling over themselves,’ said Scott Graham, leasing director for the sprawling 1,000-school Los Angeles Unified School District.” There’s been “a flurry of inquiries from cash-strapped districts in recent months asking how they can market themselves to production companies.”