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County approves $2.5 million loan to Historical Society to buy Crest Building near county offices
Summary
The Board approved a $2.5 million, 30‑year loan from county reserves to the San Joaquin County Historical Society and Museum to support purchase of the Crest Building at 20 N. Sutter St. The society will use the building for archival storage, exhibits and program space.
The San Joaquin County Board of Supervisors voted to provide a $2.5 million loan to the San Joaquin County Historical Society and Museum to assist in the acquisition of the Crest Building at 20 North Sutter Street in Downtown Stockton.
The purchase price for the Crest Building is $3.5 million; the Historical Society said it already has $1.0 million in hand and sought the remaining $2.5 million as a county loan. The board approved the loan with an intent to finance through the County General Reserve Fund; staff…
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