Statement of Needs

Total Capital and Start-Up Funds: $68 million

Primary Source of Funds: Gifts to the Building Fund

After rigorous and detailed architectural, design, and business planning, the National Hurricane Museum & Science Center (NHMSC) is targeting $68 million in capital construction and start-up costs to build and open the 60,000 square foot National Hurricane Museum & Science Center on the downtown lakefront of Lake Charles, Louisiana. The estimated building construction and exhibition design and fabrication costs total $63.8 million; the startup costs, including $1 million in working capital reserve, total $4.3 million.

In a referendum in 2011, the City of Lake Charles designated a prime lakeside piece of land in the downtown economic development region as the site for the future museum / science center. Through a variety of funding sources, the City will provide the infrastructure, access roadways, and other utilities and systems necessary to support the Museum. This generous commitment of land and infrastructure is valued at more than $10 million. In addition to these contributions, the Federal Highway Administration and the Creole Nature Trail have donated $1.9 million to commission the master planning for the project which has resulted in detailed architectural and exhibition designs and a rigorous and comprehensive business plan. The NHMSC has secured an additional $422,047 from Southwest Louisiana Convention and Visitors Bureau, the Calcasieu Police Jury and other donors to support the planning of a capital campaign. With the strong support of the Lake Charles Mayor, the local Louisiana Legislative Delegation and the Governor’s Division of Administration, $5.3 million has been placed in the 2012-13 Louisiana Capital Outlay budget for the project. The current plan, in line with funding patterns of science centers in other regions of the country, is to secure between 50-60% of the building cost from all government sources; about 20% from individuals and foundations, and the rest from corporations. Detailed breakdowns of the capital and start-up costs are included in the Master Plan for the NHMSC.

 

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