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Miami-Dade County Agrees to $45 Million Bailout for Frost Science Museum [RJOVenturesInc.com]


Miami-Dade County Agrees to $45 Million Bailout for Frost Science Museum; Featured @ RJO Ventures, Inc. Promotional Use Only.

Source: NBC 6 South Florida


The Frost Science Museum will soon get a boost of funds from Miami-Dade County, after commissioners agreed this week to give $45 million to help pay for the completion of the facility.

The county pledged $165 million in bond money. Private donations were expected to be in the $107 million range but county Officials say just $33 million has been donated and spent.

The original deal called for the county to give the museum $4 million each year to help pay operational costs. Instead the county will provide the lump sum of $45 million to help wrap up construction.

The plan is for this facility to be open by the end of 2016.