City Council Creates Endowment for the Arts
The Los Angeles City Council, creating a permanent endowment for the arts, adopted a law Friday that requires developers of commercial projects to pay special fees that will go toward cultural and artistic facilities and services.
Councilman Joel Wachs said the fees, approved by a 10-1 vote, will “make the arts accessible to all neighborhoods, not just downtown.”
The fees will be based on the size, use, expected occupancy of the proposed development and other factors.
Developers can either make contributions to an Arts Development Fee Trust Fund, to be administered by the Cultural Affairs Department, or apply to receive a credit to provide cultural facilities that will serve the project and its users.
The services could include murals, exhibitions, the performing arts, lectures or special events such as festivals.