Los Angeles will be home to George Lucas' $1-billion art museum

LOS ANGELES, CA -- In a galaxy not so far, far away George Lucas' museum finally makes its landing.

Los Angeles will be home to George Lucas' $1-billion museum, Mayor Eric Garcetti announced on Tuesday.

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"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," Garcetti said in a written statement.

The Lucas Museum of Narrative Art confirmed the selection in a tweet.

The museum will house works from Lucas' own collection and "will celebrate the power of visual storytelling in a setting focused on narrative painting, illustration, photography, film, animation and digital art," according to the project's website.

Officials said pieces will include those by Norman Rockwell, Edgar Degas and Pierre-Auguste Renoir, as well as cinema-related art from Lucas' own films, like the Star Wars and Indiana Jones franchises, and from other filmmakers.

The museum is expected to be built by May 4, 2020.

Lucas had originally eyed Chicago, but backed out after a prolonged legal fight and then narrowed it down to L.A. and San Francisco.