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The City of Los Angeles has won the $1 billon George Lucas museum.

L.A. Mayor Eric Garcetti confirmed the news on his official website, saying the massive project will be housed in a complex in the city's Exposition Park center.

"Art exists to inspire, to move, to educate, and to excite. Thanks to George Lucas and Mellody Hobson, millions of Angelenos and visitors will enjoy an extraordinary collection anchored in storytelling — an art that carries so much meaning in the history and legacy of Los Angeles.

L.A. is gaining a new jewel with the breathtaking Lucas Museum of Narrative Art — and its presence here means that a day at Exposition Park will soon bring unrivaled opportunities to be immersed in stories told on canvas and celluloid, be moved by the richness of African-American history and expression, be awed by the wonders of science and the natural world, take a journey to the world of space exploration, and sit in the stands for a world-class sporting event.

I believed in the vision for the Lucas Museum, and we went after it with everything we have — because I know that L.A. is the ideal place for making sure that it touches the widest possible audience. I am deeply grateful to Mellody and George, and to our educational, governmental, and cultural leaders for their extraordinary support in helping us bring the museum home. Now it's time to build the vision."

Read original story Los Angeles Wins $1 Billion George Lucas Museum At TheWrap