Word: arco
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Dates: during 1980-1989
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...that end, Thornburgh is planning a debate inthe Arco Forum between the candidates of bothparties, as well as a series of public events thatwill bring together scholars and experts todiscuss issues of the coming campaign, such aswelfare reform, the deficit, Star Wars andeconomic competitiveness. "I hope to promote somemeaningful discussion, which you'll see isn'talways the case as you saw in the Democraticdebate [last week]," he says...
...twelve months, says resolutely, "We have to be enthusiastic." Indeed, the state's savings account, the Permanent Fund, continues to grow and now tops $8.1 billion. That is a healthy reserve, even if the principal cannot be tapped to help solve the current crisis. Harold Heinze, the president of Arco Alaska, looks at the modest rebound in the world price of oil and says, "It feels good to have a mild wind at your back after walking into a gale...
Shuwa Investments, a family-owned real estate developer, may be America's largest Japanese landlord. The company made headlines last summer when it bought ARCO Plaza, a prime, 2.4 million-sq.-ft. piece of downtown Los Angeles, for $620 million, in the biggest real estate megadeal in California history. Since September 1985, Shuwa has spent $2 billion to acquire some 12 million sq. ft. of property in the U.S., including two buildings in Century City, Calif., worth $235 million, Chase Plaza in downtown Los Angeles ($103 million) and the ABC tower in Manhattan ($175 million...
Hardy Holzman Pfeiffer did not merely rise to this challenge. The new wing, named for its principal donor, Robert O. Anderson, former chairman of the board and CEO of Arco, has obliterated the old museum like the giant foot in Monty Python. What was once the museum's forecourt is now filled with a stepped facade some 300 feet long and, at its highest, 100 feet tall: a blind screen of yellow limestone, horizontal bands of green ceramic and patches of glass block, with a gargantuan rectangular entrance portal. The architects have so overdone their contextual homage to Hollywood Deco...
...fact that LACMA has made a new wing for modern and contemporary art its main sign of growth suggests that it falls in direct competition with MOCA. But LACMA's director, Earl ("Rusty") Powell III, brushes this aside. Robert Anderson, he points out, urged Arco to give $1 million to MOCA as well as $3.6 million to LACMA. And in any case, LACMA's master plan for expansion was mostly drawn up before the 1980 announcement of MOCA's founding. "The record has already proved that we haven't detracted from each other in the search for funds," says Powell...