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Museum leaders outline $25.1 million downtown project and funding stack; city’s $4M commitment included
Summary
The Albany Museum of Art presented a funding update for a $25.1 million relocation and expansion downtown, describing secured historic tax credits and a requested $8 million bridge loan; the museum asked for continued city support to enable construction and break ground.
Representatives of the Albany Museum of Art updated the commission Sept. 2 on the museum’s downtown relocation and expansion, outlining a $25.1 million project budget and a near‑complete funding stack that includes the city’s previously approved $4 million commitment.
Dr. Wolf, speaking for the museum, said the project has secured $10 million in historic tax credits and has commitments including $3 million from Dougherty County, $3 million from the Bunzl Foundation and $1…
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