Tuesday, November 17, 2009
Chicagoland / Media / News Bites Long-Awaited Broadcast Museum State Grant Almost, But Not Quite, A Done Deal
Posted by Deanna Isaacs on 11.17.09 at 10:18 PM
Persistence may yet pay off for beleaguered Museum of Broadcast Communications head Bruce Dumont: he says both houses of the state legislature have approved a $6 million Capital Development Fund grant that'll permit construction to resume on MBC's State Street building (at Kinzie).
Dumont says the measure now awaits only Governor Pat Quinn's signature; once the money's in hand, "we'll start construction within three weeks." The $6 million is half of what Dumont was thinking MBC had been promised by the state when we first reported that he'd run out of funds in 2006; work has been stalled on the project since then. The contractor, Pepper Construction, now holds a $4.79 million mortgage on the property that'll come due in 2011.
