Billionaire unveils museum designLOS ANGELES - Billionaire Eli Broad unveiled plans Thursday for the porous-concrete-shelled structure that will be the future downtown home of his 2,000-piece art collection and a hoped-for catalyst for the continuation of the city center’s halting renaissance.
The three-story Broad Art Foundation, designed by New York-based Diller Scofidio + Renfro, consists of a spongelike mantle that lets light into the 40,000-square feet of gallery space, which itself sits atop a vast storage vault.
Broad said the downtown location on Grand Avenue amid a row of buildings by top-shelf architects - which the developer-turned-philanthropist played a leading role in having built - was a fitting home for the paintings, sculptures and prints he and his wife Edythe have spent four decades collecting.
“We’re convinced Grand Avenue is where it’s at,” Broad said at the unveiling held at the nearby Walt Disney Concert Hall, a Frank Gehry-designed structure that Broad was instrumental in helping fund.
The $130-million art museum’s construction is scheduled to begin in late summer, with the galleries welcoming their first visitors in early 2013.