Jori Finkel proves once again why she’s among the best arts reporters out there with her exclusive news that the LA County Museum of Art has made an offer to acquire troubled MoCA:
LACMA Director Michael Govan and the two co-chairs of his board made the offer in a Feb. 24 letter to the MOCA board co-chairs, laying out the rationale for an acquisition.
The letter said that LACMA would preserve MOCA’s two downtown locations and operate them under the MOCA name, according to people who have seen the letter but were not authorized to discuss it publicly.
For its part, LACMA would agree to raise $100 million for the combined museums as a condition for completing the deal, these people said.
Exclusive: LACMA Moves to Take Over MoCA (LA Times)