Lasting as a museum less than 40 years, the impact the museum had on the city of Detroit was tremendous. The Art Loan Exhibition's success in 1883 had led to the creation of a board. The purpose of the board was to raise and establish funds to build a permanent art museum in the city. Donating money to the cause were some of Detroit's biggest names, including James E. Scripps, George H. Scripps, Russell A. Alger, and Sen. Thomas Palmer. The old Detroit Museum of Art building opened in 1888 at 704 E. Jefferson Avenue (it was finally demolished in 1960). The Detroit Museum of Art board of trustees changed the name to the Detroit Institute of Arts in 1919 and a committee began raising funds to build a new location with Scripps still at the helm. The present DIA building on Woodward Avenue debuted on October 7, 1927. While not officially declared the founder of the Detroit Institute of Arts, Scripps and Brearley were indeed the founders of the DIA's predecessor, The Detroit Museum of Art. With the success of the arts, and the booming auto industry, families were flocking to the city; pushing for the need to expand the vision that Scripps had originally dreamed, a new building was raised and the DIA was born.