Pictured is the conceptual drawing of The Broad art museum near Disney Concert Hall and Museum of Contemporary Art in downtown Los Angeles. Expected to open in late 2014, funding comes from the couple pictured, Eli and Edythe Broad, lifelong philanthropists whose foundation assets total $2.6 billion.The new Broad museum’sĀ innovative ‘vault-and-veil’ concept, a 120,000-square-foot, $140 million building features two floors of gallery space that also will provide enough room for the headquarters of The Broad Art Foundation’s worldwide lending library. Best of all–the museum has announced that no fee will be charged for admission! Eli Broad spent five decades building two Fortune 500 companies.
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