Milwaukee Public Museum $92 Million Short of Goal as Construction Set to Begin in December
The Milwaukee Public Museum is $92 million short of its $240 million funding goal for a new museum, even after receiving a large donation that they announced today.
The construction of the museum is scheduled to begin in December, according to their website.
In a press release on Sept. 27, MPM announced that The Kellogg Family Foundation has provided a $10 million gift, bringing the total project funding to $148 million; however, that is $92 million short of the project funding goal of $240 million.
That means the museum has raised only $63 million in private donations, compared to $85 million from government/taxpayers. They were trying to get $5 from the federal government, but their website does not reflect receiving it.
In a county committee meeting where they made their case for public funding, museum officials were asked what they planned to do if they fell short in private donations. Their solution? Borrowing. Yet we are told it's a lot tougher to raise private don