Academy's movie museum grows closer with Hollywood parcel purchase.(Academy of Motion Picture Arts and Sciences to purchase a land from Post Group Inc.)(Brief Article)

From: Los Angeles Business Journal | Date: February 20, 2006| Author: Riley-Katz, Anne | Copyright information

And the award for the first parcel of land to be purchased by the Academy of Motion Picture Arts & Sciences for its planned Hollywood movie museum goes to ... a 77,000-square-foot site on Homewood Avenue.

The parcel, now home to the post-production facility the Post Group, is the largest of five parcels on the square block the Academy has spotlighted for the project. The partnership On-Line Group has owned the land since 1977.

Plans for the $200 million museum...

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