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Broad: "Show us the Money"

December 18, 2008 |  7:34 am

The MOCA saga continues, with the latest move from Eli Broad.

Given his extraordinarily deep pockets, it’s perhaps not surprising that billionaire art collector Eli Broad was thinking of a line from "Jerry Maguire" on Wednesday as he contemplated the high-stakes civic competition he’s in with the Los Angeles County Museum of Art to bail out L.A.’s fiscally threatened Museum of Contemporary Art. “The answer is like in the movie: 'Show us the money,’ ” Broad said from San Francisco, where he’d just announced a $25-million Broad Foundation grant for stem cell research. The question, he said, is which bailout carries a stronger guarantee of secure funding for MOCA’s endowment and exhibitions: his $30-million offer or LACMA's merger proposal, to which no price tag has been publicly attached.

Read more at the Culture Monster blog.

--Mike Boehm

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