The Academy of Motion Picture Arts and Sciences thinks so, and they've got the cash -- a $134 million (and growing) nest egg, thanks to the annual Oscar show -- to back up the ambition. Academy president Frank Pierson tells the LAT the desire is to make a statement ala the Disney Hall: "We're not going to think small."
More by Kevin Roderick:
Ralph Lawler of the Clippers and the age of AquariusRiding the Expo Line to USC 'just magical'
Last bastion of free parking? Loyola Marymount to charge students
Matt Kemp, Dodgers and Kings start big weekend the right way
LA Times writers revisit their '92 riots observations
Recent Hollywood stories on LA Observed:
Hollywood Reporter gets politicalRejected Joe Eszterhas' Maccabees script is "a Jewish Braveheart'
Publicist Michael Sands dies after choking on sample at Gelson's
Moving day at KCET
Mel Gibson and Joe Eszterhas exchange words over Maccabee script *
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Novelist dies in Mexico City