The Community Redevelopment Agency this morning bumped funding for Eli Broad’s art museum by $22 million in order to build a larger parking facility, a public plaza and widen sidewalks on Grand Avenue.
The plan, approved by the CRA Board of Commissioners, involves stretching the Broad museum footprint so that it encompasses the entire parcel bound by Grand Avenue, Second and Hope streets and Gen. Thaddeus Kosciusko Way. The plan that the CRA approved last July envisioned a 284-space, three-level garage that occupied about half of the parcel.
Thursday’s meeting came as the agency looks to protect nearly $1 billion in future revenues from Gov. Jerry Brown’s plan to eliminate redevelopment agencies and repurpose tax increment dollars for core services such as schools and public safety.
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