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WBT

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  1. LA Times from 2011:

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    The academy’s quest to create a motion picture museum dates to the 1960s; its most recent push came in 2005, when it purchased 3.5 acres for about $50 million near the intersection of Vine Street and Fountain Avenue. Academy officials hired French architect Christian de Portzamparc to design a museum on the Hollywood property, but said the economic downturn forced them to dump the endeavor.

    Academy President Tom Sherak said Wednesday that the partners will need to raise about half of what the earlier museum was budgeted to cost. Given estimates of the previous plan, that would total about $200 million. While the partners said they hoped the museum could open its doors as early as 2014, the precise timeline will be determined by the success — or failure — of the fundraising efforts.

     

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