Milwaukee Public Museum Is Still $75 Million Short in Fundraising Goal But Breaking Ground Anyway

Conspiracy Theorists?
During the meeting, Milwaukee County Supervisor Shawn Rolland told Censky, "You can see this committee as just another opportunity to make any conspiracy theorist look foolish. Feel free to just dump on them every meeting from now until eternity until we get those shovels in the ground and this thing goes up." You can hear him here: [audio mp3="https://www.wisconsinrightnow.com/wp-content/uploads/2024/03/MPM.mp3"][/audio]To the County Board committee, Censky, who has refused to give Wisconsin Right Now an interview, revealed that a formal groundbreaking ceremony will be held in May, despite the shortfall. She said that the museum is in the final phase of exhibit design work and is preparing to move the collections. The museum is still searching for an off-site storage facility, she said. Censky repeated, "This is a $240 million project." She said that includes $200 million for construction, $20 million to move the collection objects, and $20 million to grow the endowment. Of that $240 million, Censky provided these updated numbers in March 2024: $40 million was obtained from the state. $45 million was obtained from Milwaukee County. $5 million is being sought from the federal government. The museum needs to raise $150 million in private donations to reach its goal. She claimed this will occur over the course of a "five-year state campaign." She claimed that $80 million was raised in private funding. Censky said "that puts us at $165 million" - $75 million short. Again, though, if roughly 18% is earmarked for the endowment, that means just $66 million can go for construction and moving the collections.
Milwaukee County property taxes will rise despite new sales tax revenue because of debt service for, in part, the new museum
In a 5-year forecast report issued by Milwaukee County Comptroller Scott Manske this month, Manske warned that even with the recent .4% sales tax increase, "The county’s structural deficit persists, driven by expenditure growth that outpaces revenue growth." The report continues that there will be "significant property tax increases in the future to fund debt service for the county’s Center for Forensic Science and Protective Medicine and the Milwaukee Public Museum."

Comments
Post a Comment