Cade Museum for Creativity and Invention

Gainesville, FL (2016)

Cade Museum for Creativity and Invention

Arts, Business Development, Community, Daycare and Early Childhood, Incubator, Museums, Youth and Families

The Cade Museum, which formerly operated from a small building near downtown Gainesville, has built a new facility using NMTC financing.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $11,668,614

IMPACT

100 FTE jobs
300 construction jobs

CDEs

Florida Community Loan Fund

Investor

Chase

Project Description

The Cade Museum, which formerly operated from a small building near downtown Gainesville, has built a new facility using NMTC financing. The new Cade Museum is the anchor in the redevelopment of local Depot Park, and through a 21,000 sq-ft building provides services annually to 6,000+, with a focus on area low-income youth through targeted education programs and mentoring.

MAP

Address: 811 South Main Street, Gainesville, FL 32601

Census Tract: 12001000700

Voices from the Community

Without the NMTC program, we would not have been able to complete the last mile of funding for building the Cade Museum for Creativity and Invention. The investment not only resulted in an award winning architectural masterpiece, it also resulted in a complete transformation of a blighted, dangerous and heavily contaminated parcel of land into Gainesville’s crown jewel. A forgotten crossroads is now one of the most popular and beautiful destinations in Gainesville.