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It calls for a 15,800 square foot preservation and research center, an 8,400 square foot office addition, a 5,100 square foot events center and renovations to existing facilities, exhibition spaces and parking.
An official groundbreaking will be held during this summer annual enshrinement festivities. The project will take more than two years to complete. It is to be finished in time to coincide with the Hall 50th anniversary in 2013.
The Pro Football Hall of Fame Nike Cap Lebron plans to borrow as much as $10 million to help finance its expansion project.
Some site work on the $23.6 million project is Nike Hat For Boys
Created in 1995 as a conduit to development in the county, it can establish and manage Adidas Hat Womens White
In recent years, its worked on projects with Stark State College, Fibercorr and Shearer Foods. In this case, it acting as a conduit for the Hall in acquiring a low interest loan, by issuing $10 million in tax exempt revenue bonds.
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In December, Hall officials announced the 50 Project, its largest renovation plan since the shrine opened in 1963.
10 million for expansion
foreign trade zones, assist companies in land acquisition and act as a vehicle to help finance development.
A private bank will purchase bonds, and the Hall will pay back the money, with interest. Paquette said he wasn certain of the exact interest rate, but said it is lower than the Hall could have achieved on the open market.
Such loans usually are paid back over a 20 year period, he added.
ago, Hall officials said they already raised $10 million, including about $2 million from the National Football League. The Hall had planned to raise the rest, or apply for a loan.
The non profit Hall (owned by National Football Museum Inc.) attracts about 200,000 visitors a year. It expanded three times since its inception to its present day size of 83,000 square feet. The most recent building addition came in 1995, with a variety of new displays and the GameDay Stadium.
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