Monday, 9. January 2017

Lucas museum board deciding soon whether to pursue Treasure Island

The Bay Area could soon learn whether billionaire filmmaker George Lucas will try — again — to build a high-profile museum on a prime spot on San Francisco Bay.
The board of the Lucas Museum of Narrative Art is likely to meet by the end of this week to vote on whether to pursue development plans on Treasure Island, across from the Ferry Building in San Francisco, or in Los Angeles at Exposition Park near the University of Southern California.
San Francisco’s bid for the museum includes an expectation that Lucas would pay roughly $26 million for the 4-acre site, an amount that city officials say is above market value. Los Angeles proposes to lease its 7-acre site to Lucas for a nominal $20 a year.

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