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The long-delayed Academy Museum of Motion Pictures organisers of the Oscars will open on Dec. 14, completing a nine-decade quest by the Hollywood establishment to celebrate itself year-round.

Tom Hanks announced the opening date during the 92nd Academy Awards on Sunday night. “It’s going to be a very big deal,” he said. “We’ll see you there.”

The museum was initially scheduled to open in 2017 and cost $250 million. Setbacks have included sparring architects, a ballooning budget (now at least $388 million), construction difficulties and the forced departure of the institution’s inaugural director, Kerry Brougher, last summer.

The academy recently announced that it had reached 95 per cent of its fund-raising goal. Robert A. Iger, Disney’s chief executive, has overseen the campaign.

The museum is also working on another bond offering of roughly $100 million that would push the project’s cost to around $450 million unless some new money is used to retire debt.

The museum could attract in the vicinity of 1 million visitors annually. It is next to the Los Angeles County Museum of Art and features a 1,000-seat theatre inside a spherical building designed by Renzo Piano.

By: Damilola Faustino

See Also: The 2020 Oscars Best dressed: Billy Porter vs. Billy Porter

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