This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
MOCA is in the Red, Needs More Support
After a six-month closure of its Geffen Contemporary exhibition space,the LA Times finds that the Museum of Contemporary Art is facing serious financial problems. "MOCA must sharply accelerate its fundraising to ensure its continuing health. The director planned to meet with MOCA's Board of Trustees this afternoon to discuss a range of options. He said talks were proceeding 'with a number of potential partners about a variety of arrangements," but he insisted that a dissolution or takeover of MOCA by another institution was not an option.'" The annual budget floats around $20 million, has borrowed millions and has dipped into its savings account.