07/24/2010 05:12 am ET Updated May 25, 2011

Eli Broad Museum Coming To Downtown LA

Where will Eli Broad build his museum? For months, Los Angeles's most influential philanthropist and art collector has publicly toyed with various locations for a museum to house his contemporary-art collection. Although a Beverly Hills site fell out of the running in mid-April, Mr. Broad told The Los Angeles Times just over two weeks ago that he was still considering both a Santa Monica site and one downtown, on Grand Avenue.

But according to several people directly involved in the project, who asked not to be named because they are not authorized to speak about the matter or have signed confidentiality agreements, Mr. Broad has been pursuing development of the downtown site, next door to the Walt Disney Concert Hall, for several months now.