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LA MOCA Accepts Financial Help From Philanthropist, Director Resigns

Posted by Mike Melia , December 23, 2008

The Los Angeles Museum of Contemporary Art has agreed to accept $30 million in financial assistance from billionaire philanthropist Eli Broad, the Los Angeles Times reported.

The museum will also announce the resignation of museum director Jeremy Strick after nine years on the job. UCLA Chancellor Emeritus Charles Young will be named the museum's first chief executive officer. A formal announcement will be made today at a news conference at 10:30 a.m. Pacific Time.

In the face of economic troubles, MOCA had been deliberating between two offers in recent weeks: one by Broad and the other a merger with the Los Angeles County Museum of Art.

Comments

Posted:
12/25/08 at
12:34 AM

Tyler Green : Second time correction: Takeover, not merger.

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