Filmmaker George Lucas has unveiled plans to build The Museum of Narrative Art in the city of Los Angeles at Exposition Park. The 312,000 square-foot development is a spaceship-like structure that will boast a 10,000-piece art collection as part of a privately-funded legacy project that comes with an estimated $1 billion price tag.

The Los Angeles bid edged out a competing proposal from San Francisco, which had offered Lucas a waterfront location on the city’s man-made Treasure Island. In wooing the director, Los Angeles officials marketed the Exposition Park site for its close proximity to public transportation and other major museums.