NEW YORK, NY -- The Lower Manhattan Development Corporation (LMDC) and the South Street Seaport Museum (SSSM) announced $4.8 million in federal funds for the renovation of the SSSM’s Water Street properties as an education and community space.
“We are thrilled that LMDC has once again moved to support the Seaport Museum,” said Captain Jonathan Boulware, the Museum's Executive Director. “This grant will support the renovation and activation of the Seaport Museum's historic buildings in support of its education and community programs. Together with significant restorations of our ships, these new spaces will form the basis for outstanding programming.”
The proposed allocation is made possible by a grant from LMDC, which is funded through Community Development Block Grants from the U.S. Department of Housing and Urban Development. These funds are being obtained through a $50 million legal settlement reached with Lend Lease Construction LMB Inc. (formerly Bovis Lend Lease LMB Inc.).