How much will the City pay for the Parrish Street Museum within the Woolworth office building?
The City supports the prospect of a history museum and the Parrish Street museum. We are now undertaking a study, as part of our efforts to implement the Cultural Master Plan, to see whether it would be wise to combine both museum projects into one. While our Contract of Sale for the Woolworth site stipulates that the developer must set aside 5,000 SF for a museum, the City can choose to either use that space or not – depending on whether or not it feels that the Woolworth site is the best, most economical choice for the museum. The cost to lease space is estimated at $65,000 to $90,000 per year, some of which may be able to come from the Parrish Street set-aside monies, state or federal funding.
