Saving the heart of the neighborhood
South Street Seaport Museum
Our plan will provide $50m to revitalize the South Street Seaport Museum and ensure financial stability for the first time in its 50-year history.
This funding will also allow the museum to complete the work necessary to reopen to the public, having largely shuttered since 2012, limiting access to its rich historical collections of art and artifacts. Without this support, the museum faces permanent closure in the wake of the pandemic.
A historical museum for our time
The Seaport Museum has long been the anchor of the Seaport historic district, chronicling and interpreting New York’s rise and evolution – and acting as the steward of the neighborhood’s spirit and character. Yet its original charter failed to provide a sustainable model for funding the museum’s operations, leaving it vulnerable to economic headwinds and the damage left by Hurricane Sandy.
Our plan provides the museum with a number of essential benefits:
Financial stabilityThe $50 million fund establishes a source of reliable, recurring revenue for the first time in the museum’s history, providing the stability the museum needs to thrive.
An open museumThe fund also supports the restoration and reopening of galleries in Schermerhorn Row, returning a key cultural attraction to the Seaport.
An eye to the future
Supported by the fund, design and planning will continue for a cutting edge, resilient 30,000sf extension of the museum, improving its ability to showcase its collection and engage audiences.
Together, the firm financial foundation and expanded space will help the museum realize its vision for showcasing exhibitions, preserving ships and collections, growing public programs, and serving over 12,000 students in education initiatives. The museum will emerge as a world-class destination for a new generation seeking to explore the maritime history of New York City’s first commercial hub.
“The South Street Seaport Museum… has been highly instrumental in revitalizing this area.... Through the efforts of the museum, many have become increasingly aware of the richness, diversity and great historical significance of the South Street Seaport.“
See more about our vision for a brighter future for the Seaport
Our plan generates over $1.8 billion in economic stimulus for New York City and state, helping support our recovery from the ongoing pandemic.
Discover our plans to turn a surface parking lot into a new mixed-income development that delivers essential benefits to the Seaport.
We’re showing our commitment to this special neighborhood every day. Explore how we’ve welcomed input, and what we’ve contributed to the Seaport already.