{"id":140606,"date":"2020-12-23T18:51:17","date_gmt":"2020-12-23T15:51:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/universal-hip-hop-museum-to-continue-development-as-part-of-349m-bronx-riverfront-project\/"},"modified":"2020-12-23T18:51:17","modified_gmt":"2020-12-23T15:51:17","slug":"universal-hip-hop-museum-to-continue-development-as-part-of-349m-bronx-riverfront-project","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/universal-hip-hop-museum-to-continue-development-as-part-of-349m-bronx-riverfront-project\/","title":{"rendered":"#Universal Hip Hop Museum To Continue Development As Part Of $349M Bronx Riverfront Project"},"content":{"rendered":"

“#Universal Hip Hop Museum To Continue Development As Part Of $349M Bronx Riverfront Project<\/strong>”<\/p>\n

\n\"Universal<\/p>\n
\nMichael Ochs Archives\/Getty Images<\/span>\n<\/div>\n<\/div>\n

<\/p>\n

\nNew York, NY \u2013 <\/span> The Universal Hip Hop Museum has finally found its home in the South Bronx. As reported by the Wall Street Journal<\/a> on Wednesday (December 23), the Bronx Point project, which includes the museum, will be getting a nice $349 million in financing to begin construction next month at a former industrial site in the South Bronx.<\/p>\n

Due to the COVID-19 pandemic causing a global shutdown, plans for the Bronx Point project stalled and the owners experienced several delays. However, the owners and their partners are getting the project back on its feet. Financing for the mixed-used development plan arrives next week and the entire project will receive $238 million in city bonds and funding. Additional money will be piling in from state grants, equity from developers and federal tax credits from Wells Fargo & Co.<\/p>\n