Saturday, March 9, 2013

LACMA announces plan to take over LA MOCA


The Los Angeles County Museum of Art has announced a plan to take over the financially troubled LA MOCA, but it may require the approval of billionaire collector Eli Broad. His $30m bailout of MOCA in 2008 was on condition that it may not be acquired by another museum within 100 miles within the next 10 years. You can read the merger proposal here.