Eli Broad Holds Back Some Pledges To LA MoCA
"Billionaire philanthropist Eli Broad hasn't made scheduled payments to the Museum of Contemporary Art in Los Angeles because the institution has $2.1 million in grants it hasn't put toward exhibitions. ... The missed payments come at a time when concerns over finances at the museum have resurfaced after four prominent artists quit MoCA's board last month." Bloomberg 08/09/12

Posted August 10, 2012 12:48 AM