$140,000 a space?


$140,000 a space?

Something is not right here. The City of LA is going to reimburse Eli Broad $52 million for the construction of a 370 space parking garage at the new museum he is building in downtown LA to house his famous art collection. That means the garage is costing $140,500 and change a space.

I certainly have no problem with Eli Broad. He has made billions, and is now giving back to his city. Fair Enough. But why is the city, through its redevelopment agency, paying half the cost of the museum’s construction (budgeted at $100,000,000) for the parking structure.

Like everything the government does, we simply don’t have enough sunlight on this project. Obviously, something isn’t right. We know that the land has been donated (or leased for 99 years by Broad for $7 plus million from the city). There may be some construction issues, but still.

Parking is a wonderful thing, and a garage to support this complex is needed. Let’s get the facts.


Picture of John Van Horn

John Van Horn

2 Responses

  1. And the CRA owns the land!!!!! Thats $140k for construction cost? Does this garage wash my car and change the oil automatically everytime I park?

  2. I think that it is time to get rid of the “redevelopment” agencies. They are nothing more than legalized stealing. Why can’t billionaire Broad run his own garage?

Leave a Reply

Your email address will not be published. Required fields are marked *

Only show results from:

Recent Posts

A Note from a Friend

I received this from John Clancy. Now retired, John worked in the technology side of the industry for decades. I don’t think this needs any

Read More »

Look out the Window

If there is any advice I can give it’s concerning the passing scene. “Look out the window.” Rather than listen to CNN or the New

Read More »


Send message to

    We use cookies to monitor our website and support our customers. View our Privacy Policy