Tourism

Academy Museum goes more than $100m over budget

Christian Fleetwood

Christian Fleetwood

The Academy Museum of Motion Pictures is set to open to the public, following a three-year delay.

Featuring props, scripts and highlights from some of cinema’s best-loved motion pictures, including Alien (1979), The Big Lebowski (1998) and Casablanca (1942), the Los Angeles-based museum aims to be the world’s premier institution dedicated to the art and science of film.

A love letter to cinema, the Academy Museum will likewise feature the restored Saban Building – formerly known as the May Company building from 1939 – at the corner of Wilshire Boulevard and Fairfax Avenue, Los Angeles.

(Academy Museum Foundation/L’Autre Image)

Speaking at the 92nd Academy Awards ceremony, actor Tom Hanks announced the museum will be open to the public on Monday, 14 December 2020 – eight years after it was announced.

“There is plenty of culture to be found in the City of Angels,” Hanks said. “But there has never been a museum dedicated to the art and science of motion pictures.”

Hanks made the announcement in his capacity as museum trustee and co-chair of the Academy Museum campaign, along with co-chair Annette Bening and chair Bob Iger.

A screen-used pair of Dorothy’s slippers from The Wizard of Oz (1939) will also be on display. (Academy Museum Foundation/Joshua White)

Academy Museum to open over budget after build setbacks

The Academy Museum recently announced that 95 per cent of its $388 million pre-opening campaign has been finalised, and installation of four floors of immersive, innovative exhibitions is now beginning.

Designed by Pritzker-Prize winning architect Renzo Piano, the museum will include the 1,000-seat Geffen Theatre, which will be housed within a raised concrete orb, topped with a glass covering and rented out for premieres.

Geffen Theatre: ©Renzo Piano Building Workshop (Academy Museum Foundation/ L’Autre Image)

Another 288-seat theatre will be in the basement, alongside a restaurant and galleries.

The eagerly awaited museum will, however, open after a three-year delay US$100 million ($148.6 million) over budget.

Museum director Bill Kramer, who was hired in late September and started full-time in January, told Variety that costs had ballooned over “many years”, with construction of the Renzo Piano-designed museum proving more difficult than expected.

“The sphere was a very complicated piece of architecture to build,” he told Variety, adding: “We’re thrilled with it. It’s beautiful. It’s exactly what we wanted.”

The museum was originally budgeted for $388 million ($576.6 million), but the cost of the build has swelled to $482 million ($716.2 million), up 24 per cent in total costs.

The Academy is expected to launch a US$100 million bond offering to cover the cost overruns and will now have to undertake a second “post-opening” fundraising campaign.

“I think it’s very safe to say we have a grip on the budget,” Kramer told Variety. “We have a strong sense of schedule and timeline.”

Details will continue to unfold as the museum gets closer to opening. The Academy Museum has also provided a detailed look at the layout of the museum, which you can view below.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Cruise

Western Australia changes Vasco Da Gama’s disembarkation plan (again)

The Premier of Western Australia’s plans for CMV ship Vasco da Gama are about as clear as a murky lake.

Share

CommentComments

Aviation

Airline to pay customers up to $14,000 if they catch COVID-19 during flight

One airline is so confident its passengers will have a coronavirus-free flight that it is offering a very bold promotion.

Share

CommentComments

Technology

Stay connected while working from home with a virtual lip sync battle!

Still reeling from the news of Eurovision’s cancellation? Create your very own remote office version with this new experience.

Share

CommentComments

Hotels

“A trend in the right direction”: IHG boss welcomes return of hotel demand in Greater China

by Huntley Mitchell

Keith Barr has followed the lead of Marriott’s boss by issuing his own video message in response to the COVID-19 pandemic.

Share

CommentComments

Hotels

Hotel review: Spirit Sanctuary, Bhutan

Praying for the travel bans to lift so you can jump on the next plane out of here? Feel free to live vicariously through this luxury resort review.

Share

CommentComments

Aviation

ACCC allows Rex to coordinate flights with Qantas and Virgin

The move is welcome news for the regional carrier, which announced last week it will shut down all passenger services across the country, except for Queensland.

Share

CommentComments

Events

CATO postpones 2020 awards

The move comes not long after AFTA decided to scrap this year’s NTIAs due to ongoing uncertainty surrounding the COVID-19 crisis.

Share

CommentComments

Events

Women in Travel Awards winners’ circle: Nicole Redfern, Wotif

As you’ll discover here, it’s been a big 12 months for Nicole Redfern since winning the Social Media category at last year’s Women in Travel Awards.

Share

CommentComments

Cruise

Dream Cruises cancels 2020/21 Australia and New Zealand deployment of Explorer Dream

Dream Cruises has pulled the plug on its ANZ deployment of Explorer Dream amidst COVID-19 uncertainty.

Share

CommentComments

Travel Agents

Agent Wrap: TravelManagers inspires travel dreams in Darwin, agents enjoy Cook Islands before last flights + MORE!

This week’s Agent Wrap is full of feel-good stories to give you a solid dose of Friday afternoon serotonin. If that doesn’t work, we recommend gin.

Share

CommentComments

Travel Agents

Flight Centre reveals three-pronged plan to tackle COVID-19

The company will initially retain up to 70 per cent of its global workforce as a result of this new plan. However, its Aussie arm faces some big cuts.

Share

CommentComments

Aviation

WATCH: Virgin flight attendant’s emotional farewell

A Virgin Australia flight attendant has made a tear-jerker of an announcement while landing in Dunedin. We’re not crying – you are!

Share

CommentComments