LANCASTER – The City will lend to Friends of Antelope Valley Inc. $ 250,000 towards the completion of the Antelope Valley Village Museum.
The museum’s permanent home will be a 12,000-square-foot building at the Antelope Valley Fairgrounds next to its current home. The new building will triple the space that the museum now shares with the Farm and Garden.
In August 2019, the directors of the Antelope Valley Rural Museum held a groundbreaking ceremony for the museum. The new building will include over 10,000 square feet of exhibition space, a library, a kitchen and a community meeting room that will be open to other historic groups.
The object wrapper is complete. According to the staff report, the loan will expedite the completion of the interior decoration of the museum, which will help make the museum’s vast and growing collection available to the public as soon as possible.
The city council unanimously approved the loan at a meeting on Tuesday.
The loan term is two years, two years without payments. The full amount, including interest accrued in accordance with the Local Agency Investment Fund rate, is due at the end of the term. According to the report, the loan can be repaid at any time before the due date without penalties for early repayment.