Featured:

Glazer Children’s Museum

Tampa, FL (2011)

COMMUNITY IMPACT
  • 40 FTE jobs
FINANCING SOURCES
  • NMTC amount: $20,000,000
  • Total Project Costs: $21,208,313
  • CDE:
PROJECT LOCATION

110 Gasparilla Plaza

Tampa, FL 33602

Project Description

The Glazer Children’s Museum (GCM), located in downtown Tampa, Florida, provides educational experiences through hands‐on engaging exhibits and programs to children, with a primary focus on the birth‐10 year old range. An allocation of NMTCs was obtained to complete financing on a 53,000 sq. ft. facility expansion project. The transaction closed on January 25, 2011 with $10 million coming from CTA CDE and $10.5 million Stonehenge Community Development. Stonehenge also provided $10 million of Florida NMTCs. With anticipated attendance of 200,000 annually, the museum has dedicated a substantial effort to reach out to surrounding neighborhoods that are in significant economic distress. The community impact of the museum is substantial. A tremendous amount of work has gone into formalizing a series of partnerships with public, private and nonprofit organizations to bring children from low‐income neighborhoods to the museum, and to bring museum activities to them in their communities. A key objective for GCM is to serve low-income and at-risk families and children. The museum has set an objective of 10% of its annual on-site attendance to be free. This will equate to approximately 20,000 visitors a year. Through outreach programs to community centers, schools and parks, an additional 25,000 to 50,000 children and caregiver were reached.