Port of Cleveland to Sell $75 Million in Bonds for Cleveland Museum of Natural History Expansion
Post date
February 12, 2021
Body
By Kim Palmer, Crain's
The Cleveland-Cuyahoga County Port Authority board of directors has voted to issue $75 million in bonds as part of the Cleveland Museum of Natural History's "Transforming the World of Discovery" expansion and renovation project.
The board voted on the issue Thursday, Feb. 11, during a meeting.
The tax-exempt cultural facility revenue bond is part of the funding needed for the latest part of the museum's $150 million expansion program that president and CEO Sonia Winner told Port board members will "connect people to the natural world" and make the museum "the most dynamic natural history museum of its kind."