The American Museum of Natural History (AMNH) is known among New Yorkers as "the dinosaur museum."

It's the gorgeous old museum that Ben Stiller explores in "Night at the Museum" — the one with room after room of hulking dinosaur skeletons:

The American Museum of Natural History

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AP Photo/Bebeto Matthews

Even if you've never been, you've probably heard of it. The museum has existed in one form or another since the 1870s, which means it's coming up on a big birthday: 150 years! As such, the museum's board is embarking on a $340 million, 235,000-square-foot addition to the already sprawling museum. 

Plans for the addition were announced on Wednesday morning in a press conference. Here's what we learned.

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