Image via The Chamber Group
The birthplace of hip-hop is getting a museum to honor its roots. Earlier this year, L&M Developments and the City of New York closed on $350 million in private and public capital. The development company will oversee construction on the new Bronx Point project, which includes the development of the Universal Hip Hop Museum. Now, the museum is looking to raise $100 million to begin construction of the actual building and support with the “fit-out,” which is the interior design. New York City officials are looking to use the project to bring more revenue into the area and creating more job opportunities for residents living there.