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MBC Building is for Sale

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The Museum of Broadcast Communications in Chicago is looking for a landlord.

The Museum of Broadcast Communications sits on the corner of State Street and Kinzie, the building only half finished. Unable to secure expected state funding...the museum halted construction in 2006. Museum president Bruce DuMont says economic problems this year forced the museum’s board to go a step further and put the building up for sale.

DUMONT: Surviving one fiscal curve ball by the Governor on top of the fiscal curve ball by Wall Street and the added and expanding demands of banks who put financing deals together. Those are three strikes and we’re out.

DuMont says the broadcast museum is in the early stages of finding a broker to handle the deal. He says the board hopes to find a buyer willing to let the museum stay on as a tenant. DuMont says if it doesn’t work out, they’ll have to relocate or simply exist as an online operation.

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