Word is leaking out of a deal for LA MoCA’s bailout by Eli Broad. Josh Baer sent an email around Thursday night. The Los Angeles Times’s blogs carried it Friday. Here’s Diana Haithman:
One member of the museum’s Board of Trustees, speaking on condition of anonymity, said Strick had resigned during a “tearful” scene at a meeting of the board. A MOCA spokeswoman, however, denied that. [ . . . ]
Several sources who are familiar with the situation but are not members of the board said the trustees were favoring a $30-million bailout plan offered by Broad. But Broad spokeswoman Karen Denne said late Thursday that “there is not a deal yet.” She said Broad would have no comment until there was a formal statement from MOCA.
MOCA Board Favoring Eli Broad Deal, Sources Say (Los Angeles Times)
