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Broad Builds L.A. Museum to Draw Tourists as Region Loses Jobs

Billionaire Eli Broad, who has made revitalizing downtown Los Angeles his mission for more than a decade, aims to attract more tourists with a $130 million museum as the city struggles with job losses and a corporate exodus.

The Broad Art Foundation, which unveiled its architectural design last week and is scheduled to open in two years, will have about 100 permanent employees, Broad said. Development of the contemporary art museum next to the Walt Disney Concert Hall will create a total of 1,340 positions, most of them temporary construction jobs, according to the foundation.