Billionaire Broad Proposes Beverly Hills Art Museum

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Eli Broad, the billionaire art collector and philanthropist, wants to build a public museum in Beverly Hills, almost a year after he decided not to give his collection to the Los Angeles County Museum of Art.

The gallery would display works from his charitable foundation and personal collection, an attorney for Broad wrote in an Oct. 20 letter to Beverly Hills City Manager Roderick Wood. The proposal includes offices for Broad’s art foundation, which along with a second Broad foundation has assets of $2.5 billion.

Broad would like the new museum and offices for the Broad Art Foundation to open in about three years. The proposed museum would be located near the corner of Santa Monica and Wilshire boulevards, and replace a Starbucks Corp. coffee shop. The Peninsula and Beverly Hilton hotels would be on either side of the museum.


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