Watch CBS News

Petersen Automotive Museum Receives $100M Gift

LOS ANGELES (AP) — The Petersen Automotive Museum has received a $100 million gift to enhance the Los Angeles transportation shrine and expand its collection.

Podcast

KNX 1070's Randy Kerdoon Reports

The donation announced Monday includes an unrestricted financial gift, a matching challenge, the 300,000-square-foot museum building on Wilshire Boulevard, and Robert Petersen's car collection.

The donation was made by Peterson's widow Margie Petersen and the Margie & Robert E. Petersen Foundation.

The museum, which opened in 1994, hosts 150,000 visitors a year.

Robert Petersen, the publishing magnate whose Hot Rod and Motor Trend magazines helped shape America's car culture, was 80 when he died in 2007.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.