UT San Diego
By James Chute
June 1, 2014

The La Jolla Music Society, after nearly a half-century as a tenant of other San Diego cultural institutions, is planning to build its own state-of-the-art, $40 million performing arts center.

The primary presenter of visiting classical music artists and orchestras in San Diego, the Music Society closed escrow Friday on a parcel of land at 7600 Fay Ave. in La Jolla, between Pearl Avenue and Kline Street. The price was undisclosed.

Pending the completion of a $50 million fundraising drive — including $10 million for an endowment — and the selection of an architect, construction on the complex could begin next year, with completion projected for October 2017.