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Petersen Automotive Museum Receives $100M Gift

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(credit: MARK RALSTON/AFP/Getty Images)

(credit: MARK RALSTON/AFP/Getty Images)

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

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 This material may not be published, broadcast, rewritten or redistributed.)

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