It’s been awhile since we have heard any updates on the highly anticipated contemporary art museum in Downtown LA’s Old Bank District (OBD). Brainchild of the OBD engineer Tom Gilmore and his partner Jerri Perrone, the gallery is set to start development by mid-April, according to the LA Business Journal (LABJ). However, it could be upwards of four years before the public gets the chance to go inside the museum which is set to be above, underneath, and through parts of the Bank House Garage, the Hellman Building, and the Farmers and Merchants Bank building.
Gilmore says the Main Museum of Los Angeles Art, as the gallery’s presently called, will go up in five stages. The principal piece of the 45,000 square foot exhibition hall will be the 14,000 square foot entrance on Fourth Street. Gilmore’s goal is to have this area complete before the year’s over. At that point it’s on to the work underneath the building, whose “turn-of-the-century bank vaults and other remarkable components will be shown inside the basement and sub-basement spaces,” says the LABJ. Lastly, the enormous housetop greenery enclosure/amphitheater/bistro will be finished. Past plans from LA engineer Tom Wiscombe demonstrate a truly cool cantilevered eatery hanging over Main Street and an amphitheater inspired by paper planes.
The the new assessed cost—$55 million—is significantly more than Gilmore’s 2014 evaluation of $25 to $35 million.
However, Gilmore believes The Main Museum is essential in creating “Old Bank District 2.0,” where the area develops into one that focuses on art, culture and society. He said, “The timing just appeared to be a good fit for it. We thought we could change how the structures here were being utilized.