Long-Awaited Broadcast Museum State Grant Almost, but Not Quite, a Done Deal | Bleader

Tuesday, November 17, 2009

Long-Awaited Broadcast Museum State Grant Almost, but Not Quite, a Done Deal

Posted By on 11.17.09 at 10:18 PM

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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.

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